China News Service, April 21, according to the Hubei Provincial Statistics Bureau website, according to the unified accounting results of regional GDP, Hubei Province ’s regional GDP in the first quarter of 2020 was 637.935 billion yuan, calculated at comparable prices, compared with the same period of the previous year Down 39.2%. Among them, the added value of the primary industry was 54.068 billion yuan, down 25.3%; the added value of the second industry was 214.696 billion yuan, down 48.2%; the added value of the tertiary industry was 369.171 billion yuan, down 33.3%.
Information figure: Hubei automobile enterprise workers work on the assembly line. China News Service reporter Zhang Changshe
Agricultural production decline
In the first quarter, the added value of agriculture, forestry, animal husbandry and fishery in the province was 56.891 billion yuan, a decrease of 24.8%. The sown area of vegetables in the season was 288.83 thousand hectares, down 2.6%, and the total output was 8.231 million tons, down 9.8%. The number of pigs slaughtered was 5.497 million, down 52.6%. The cattle slaughtered 261,300 heads, down 13.9%. 836,800 sheep were slaughtered, down 53.2%. There were 13,244,400 poultry out of cages, a decrease of 23.8%. The output of poultry eggs was 535,500 tons, an increase of 12.0%. The fishery output was 1.1106 million tons, down 18.1%.
Industrial economic decline narrowed
In the first quarter, the provincial industrial added value fell by 45.8% year-on-year, which was 0.4 percentage points narrower than in January-February. Among them, the month of March decreased by 46.9%, which was narrower than that of February by 32.9 percentage points. Among the 41 industries in the province, except for the added value of the tobacco industry, other mining industries, oil and gas mining industries, the growth rate of 38 industries has decreased year-on-year, of which 27 industries have fallen compared with January-February. narrow. In the basic industry, the added value of the three major industries of power, steel, and nonferrous metals fell by 18.2%, 27.8%, and 39.4%, respectively, and the declines were less than 27.6, 18, and 6.4 percentage points of the regulation industry. The added value of the pharmaceutical and textile industries related to the demand for epidemic prevention decreased by 42.1% and 48.2%, respectively, 3.5 and 9.6 percentage points narrower than that of January-February; the added value of the chemical and agricultural and sideline food processing industries related to production and living security were respectively The decline was 45.1% and 52.3%, which were 4.7 and 5.3 percentage points narrower than in January-February, respectively. In the equipment manufacturing industry, the added value of the automotive, electrical machinery, and general equipment industries fell by 56%, 62.4%, and 59.9%, respectively, and the declines were greater than 10.2, 16.6, and 14.1 percentage points of the regulation industry.
Investment activity slows
In the first quarter, the province's fixed asset investment fell by 82.8%. Infrastructure investment fell by 84.4%; private investment fell by 82.6%; industrial investment fell by 85.0%, of which manufacturing investment fell by 85.0%, and industrial technology investment fell by 87.7%. The province ’s investment in real estate development was 25.722 billion yuan, a decrease of 73.7%, which was less than the provincial average of 9.1 percentage points. The sales area of commercial housing in the province was 3.172 million square meters, a decrease of 80.3%, and the sales volume was 21.08 billion yuan, a decrease of 85.0%.
Consumer market recovers slowly
In the first quarter, the province's total retail sales of consumer goods reached 293.943 billion yuan, a year-on-year decrease of 44.9%. The retail sales on the ceiling decreased by 49.1%, of which 55.7% fell in March, which was a 25.8 percentage point narrower than the previous month. In view of different industries, in the first quarter, the province's wholesale sales, retail sales, accommodation turnover, and catering turnover decreased by 37.7%, 45.2%, 48.1%, and 57.6%, respectively. From the perspective of commodities, the retail sales of Chinese and Western medicines on the upper limit of medicines fell by 14.6%, the retail sales of grains, oils, foods and daily necessities fell by 19.4% and 31.8% respectively. The retail sales of upper-limit jewellery items fell by 59.8%, 60.6%, 65.0% and 65.1% respectively.
Slowing imports and exports of goods
In the first quarter, the province's total RMB-denominated imports and exports totaled 62.75 billion yuan, a decrease of 20.9% and a year-on-year decrease of 37.1 percentage points. Among them, the total export value was 31.83 billion yuan, a decrease of 38.1%; the total import value was 30.92 billion yuan, an increase of 11.1%.
Fiscal revenue and expenditure decline
In the first quarter, local general public budget revenue was 54.249 billion yuan, a decrease of 47.6%. Among them, tax revenue was 43.404 billion yuan, a decrease of 45.9%. The local general public budget expenditure was 155.506 billion yuan, down 14.1%.
The financial market is running smoothly
As of the end of March, the deposit balance of financial institutions in the province was 626.2998 billion yuan, an increase of 6.8%, an increase of 288.228 billion yuan over the beginning of the year. The balance of various loans was 530.7088 billion yuan, an increase of 12.3%, an increase of 240.692 billion yuan over the beginning of the year.
CPI continued to rise, PPI fell slightly
In the first quarter, the provincial consumer prices rose by 6.1%, an increase of 0.1 percentage points from January to February. The ex-factory prices of industrial producers in the province remained at the same level as the same period last year, down 0.1 percentage points month-on-month. The purchase price of industrial producers in the province increased by 0.5%, and the increase fell by 0.5 percentage points from the previous month.
Residents' disposable income decreases
In the first quarter, the per capita disposable income of urban residents in the province was 9412 yuan, down 11.8%; the per capita disposable income of rural residents in the province was 4085 yuan, down 10.2%.
In the first quarter, the epidemic inevitably brought a certain impact on economic development, but the impact was concentrated in the short-term and was generally controllable. Since the epidemic prevention and control situation has continued to improve since March, and various macro policies have been introduced successively, the environment for the recovery of the province after the epidemic has continued to improve. The fundamentals of the long-term economic improvement have not changed.