Domestic commodity index
As an important leading economic indicator, commodity futures index is also an urgently needed tool in the field of economic prosperity prediction in China. These indexes are more sensitive to market price fluctuations than CPI (Consumer Price Index) and PPI (Producer Price Index) released by official institutions such as the National Bureau of Statistics, and some of them have become key monitoring indicators of the Market Operation Department of the Ministry of Commerce. For example, the Shanghai Spot Market Transaction Price Index (SMMI) covering six basic metals, such as copper, aluminum, lead, zinc, tin and nickel, was officially released by Shanghai Nonferrous Metals Industry Association in May 2007, which provided an important reference for enterprises in the non-ferrous metals industry to sign purchase and sale contracts and financial institutions to invest in the non-ferrous metals industry. In 2000, Shanghai Ganglian E-Commerce Co., Ltd. (namely "mysteel") began to compile the "MyspiC" spot price index of steel products in a comprehensive, sub-regional and sub-product way, which is also the weather vane of the spot market of steel products.
Goldman Sachs China Commodity Index
GSCCI uses the current price of domestic goods, which is often quite different from the international price. This difference is particularly obvious in the short term. At present, the weight composition of GSCCI is as follows: coal: 45.7%, steel: 4 1.5%, aluminum: 6.3%, and copper: 6.5%. GSCCI is a Zhou Du indicator to measure inflation in the upper reaches of China.
Domestic authoritative commodity index
A year and a half ago (September 2007), Goldman Sachs, a major international investment bank, officially launched the weekly Goldman Sachs China Commodity Price Index (GSCCI), which comprehensively reflected the price changes of four basic raw materials, such as coal, steel, copper and aluminum, which were necessary in the process of industrialization and urbanization in China. This has caused a shock in China, and China has been short of authoritative institutions to release credible commodity price indexes in time.
Commodity index weight
Commodity index is compiled on the basis of some commodity prices, and different commodities have different proportions in the index, that is, weights.
Other commonly used international economic indicators
Purchasing managers index
The full name of PMI index is purchasing management index in English, and it is translated into purchasing managers index in Chinese.
It reflects the changing trend of economy.
CPI index
That is, the consumer price index (CPI) is an indicator of price changes of products and services related to residents' lives, and is usually used as an important indicator to observe the level of inflation.
Generally speaking, when the increase of CPI & gt3% is called inflation, it means inflation; When CPI & gt5% increases, we call it serious inflation, which means serious inflation.
Producer price index
Producer price index (PPI): The main purpose of PPI is to measure the price changes of various commodities at different production stages. Generally speaking, the production of goods is divided into three stages: first, the primitive stage: the goods have not been processed; Second, the intermediate stage: the goods need further processing; Third, the completion stage: the goods will not be processed at this time.
PPI is an indicator to measure the trend and degree of ex-factory price changes of industrial enterprises, an important economic indicator to reflect the price changes in the production field in a certain period, and an important basis for formulating relevant economic policies and national economic accounting.
Gross domestic product index
GDP is the abbreviation of English GDP, that is, gross domestic product (translated into GDP and GDP in Hongkong and Taiwan Province).
Generally, GDP is defined as the total market value of all final products and services produced by a country or region's economy in a certain period (a quarter or a year). In economics, GDP and GNP are often used to measure the comprehensive level of economic development in this country or region. This is also a widely adopted measure in various countries and regions at present.
money supply
The total amount of money refers to the amount of money circulating in a country at a certain point in time. It is the total amount of money distributed among residents, credit system and treasury of enterprises and institutions. Money supply is an important variable affecting macro-economy. It has a very important relationship with income, consumption, investment, price and balance of payments, and is an important basis for the state to formulate macroeconomic policies. The balance between total social demand and total supply, from the demand side, mainly depends on whether the money supply is moderate.