Yongkang Hardware Index – Agricultural Machinery Index Leave a comment
Background
Agricultural Machinery Index. China • Yongkang Hardware Index System consists of two major indexes: hardware price index and hardware prosperity index. Among them, the price index and the prosperity index are compiled according to the three links of “manufacturing enterprise”, “foreign trade enterprise” and “specialized market”.
In order to further enhance the influence of China • Yongkang Hardware Index, the index publishing platform has been developed in Hong Kong Wen Wei Po, China Hardware Association, Zhejiang Department of Commerce, Zhejiang Market Herald and many other media.
The product categories compiled by “China • Yongkang Hardware Index” include 12 categories, such as: doors and accessories, vehicles and accessories, hardware tools and accessories, sports and outdoors, household hardware and electrical appliances, kitchen tools, architectural decoration hardware, agricultural machinery, electromechanical hardware, electronic and electrical, general parts, security & traffic.
Hardware price index is an index that reflects the price change trend of hardware products, compiled by selecting representative commodities based on scientific commodity classification, and collecting their transaction price, transaction volume, transaction amount and other data. In order to ensure that the content of the index system is rich and practical, and to ensure that the index information meets the needs of users at different levels as much as possible, the price index must be compiled separately in consideration of commodity classification and circulation links (including production companies, foreign trade companies, and hardware market operators). An increase in the index value indicates an increase in the comprehensive price of hardware products; a decrease in an index value indicates a decline in the comprehensive price of hardware products. Agricultural Machinery Index
Hardware Prosperity Index is based on scientific commodity classification to build a comprehensive index system (mainly composed of four indicators such as element supply, market demand, operating efficiency, and overall business judgment), and establish a multi-level structure based on comprehensive evaluation theories and methods It is a comprehensive index calculated by embedded statistical model to reflect the development trend of hardware products. The value of the prosperity index is between 0 and 200, and 100 is the line of prosperity and decline; an index value greater than 100 indicates that the economy is in a state of expansion. The closer its value is to 200, the more prosperous the economy is; the index value less than 100 indicates that the economy is falling State, the closer its value is to 0, the more depressed the economy is.