China Agricultural Machinery Market Prosperity Index of 29.4% in August 2018

China Agricultural Machinery Circulation Association released the China Agricultural Machinery Market Prosperity Index for August 2018, which was 29.4%, down 1.1 percentage points from the previous month and down 13.0 percentage points year-on-year. From the ring comparison, the sales index of the six primary indicators, the agricultural machinery subsidy index and The inventory index has declined, while the rest has shown an upward trend. The popularity index has the highest increase of 14.7 percentage points. From the same period of last year, the six first-level indices all showed a downward trend, with the benefit index falling the most, at 29.1 percentage points. The six primary indices are located in the recession zone.

Special analyst Zhang Huaguang believes that: AMI has experienced a slight increase in July after a slight increase in July, but the decline is very small, showing the characteristics of stabilizing. It continues to run along the downtrend channel, suggesting that the grim situation of the agricultural machinery market continues to deepen this year. According to the six primary index, the agricultural machinery subsidy index has been short-lived in the boom zone, and has once again fallen into the recession zone. Other indexes are in deep recession. It is difficult to extricate themselves. Among them, the benefit index, the popularity index, and the manager confidence index have increased in different degrees. In particular, the popularity index has double-digit growth, indicating that the sales model is about to open; on the contrary, the sales ability index, the inventory index, and the agricultural machinery subsidy index show different degrees of decline, especially when the agricultural machinery subsidy index declines a lot, indicating the market. The downward pressure is still relatively large. From the analysis of eight secondary indices, the post-harvest processing machinery index and the transportation machinery index have risen sharply and advanced into the booming range, further explaining the huge changes in market demand brought about by the deep adjustment of the agricultural machinery market this year. The other secondary indices are in the downturn, and the market is running low. The normal state of the agricultural machinery market this year. August is the turning point of the agricultural market in the off-season and peak season, but the market has not seen a big improvement. This sends a strong signal to the already started 'Golden September and Silver 10', and the upswing ability in the peak season is still doubtful. Index, growth analysis of manager confidence index, as the traditional peak season in September, AMI indicators may be improved. Based on this, we judge that in September, AMI ring ratio may rise, it is difficult to break through the dry line, but The depth of the recession may be alleviated. In the first-level index, the subsidy index is expected to rebound, and it is not excluded to enter the boom again; the popularity index is expected to continue to rise slightly. In the second-tier and third-tier indices, the index is in a deep recession. After the bottom, it is expected to rebound, especially the corn harvester index, which is expected to enter the boom zone.

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