The GDP of Hubei in the first half of the year was 1.74805 trillion yuan, and the employment situation was generally stable
According to data released by the Hubei Provincial Bureau of Statistics on July 20, in the first half of the year, Hubei's GDP was 1,748.051 billion yuan, a year-on-year decrease of 19.3% at comparable prices, and the rate of decline narrowed by 19.9 percentage points compared with the first quarter.
In terms of industries, the added value of the primary industry was 132.098 billion yuan, a decrease of 7.9%, and the rate of decrease was 17.4 percentage points narrower than that in the first quarter; the added value of the secondary industry was 683.301 billion yuan, a decrease of 23.3%, and the rate of decrease was 24.9 percentage points narrower than that of the first quarter; The added value of the tertiary industry was 932.652 billion yuan, down 17.2%, and the rate of decline narrowed by 16.1 percentage points from the first quarter.
Agricultural production has recovered steadily. In the first half of the year, the province’s agriculture, forestry, animal husbandry and fishery added value was 139.658 billion yuan, a decrease of 7.6% at comparable prices, and the rate of decline narrowed by 17.2 percentage points from the first quarter. The output of summer grain was 4,719,600 tons, an increase of 3.3%; the output of summer oil was 2,410,400 tons, an increase of 14.0%.
The output of vegetables was 18.7843 million tons, a decrease of 3.8%; the slaughter of pigs was 12.6108 million, a decrease of 33.5%; the slaughter of cattle was 558,200, a decrease of 9.6%; the output of sheep was 2,283,800, a decrease of 29.6%; the production of poultry was 20,111,600, a decrease of 11.9%; The output of poultry eggs was 910,100 tons, an increase of 5.9%. Among them, in the second quarter, the decline in the slaughter volume of pigs and cattle decreased by 48.4 and 8.5 percentage points, respectively, compared with the first quarter; the growth rate of the slaughter (cage) volume of sheep and poultry turned positive, increasing by 1.5% and 25.8% respectively. The output of aquatic products was 2,184,300 tons, down 3.7%.
The recovery of industrial production has accelerated. In the first half of the year, the value added of the province's industrial enterprises above designated size fell by 20.8%, a decrease of 25.0% compared with the first quarter. In June, the province's industrial value added above designated size increased by 2%, an increase of 48.9 percentage points from March.
Of the 41 industry categories in the province, 22 achieved positive growth, and the growth area expanded by 46.4 percentage points from March. Eleven of the province’s 15 100 billion industries have achieved positive growth. Petroleum, papermaking, and non-ferrous metals industries grew at a faster rate, increasing by 13.5%, 11.6% and 8.3% respectively. The building materials, electrical and automotive industries rebounded sharply, with growth rates up 68.7, 65.7, and 60.8 percentage points from March.
The high-tech manufacturing industry grew by 8.8%, 6.8 percentage points faster than that of all regulated industries. The output of key high-tech products, lithium-ion batteries, microcomputer equipment, and optical fibers increased by 48.5%, 17.8% and 10.8% respectively. The industrial added value of 14 cities and prefectures in the province has achieved positive growth, with an increase of over 80%.
Fixed asset investment gradually recovered. In the first half of the year, the province's fixed asset investment (excluding rural households) fell by 56.2%, and the rate of decline was 26.6 percentage points lower than that in the first quarter. From the perspective of investment structure, the province's private investment, infrastructure investment, and industrial investment fell by 57.0%, 58.5%, and 61.6%, respectively, and the rate of decline narrowed by 25.6, 25.9, and 23.4 percentage points from the first quarter. Investment in high-tech manufacturing fell by 51.2%, a decrease of 30.3 percentage points from the first quarter, and 10.7 percentage points higher than the growth rate of manufacturing investment. The province's completed real estate development investment was 160.451 billion yuan, a decrease of 38.3%, and the rate of decline narrowed by 35.4 percentage points compared with the first quarter.
The consumer sector continued to recover. In the first half of the year, the province's total retail sales of consumer goods totaled 706.243 billion yuan, down 34.1%, and the rate of decline narrowed by 10.8 percentage points compared with the first quarter. Among them, the province's enterprises (units) above designated size achieved a total of 252.536 billion yuan in retail sales of consumer goods, down 31.0%, and the rate of decline narrowed by 18.1 percentage points compared with the first quarter.
In terms of different industries, the sales (turnover) of wholesale, retail, accommodation, and catering industries above designated size decreased by 23.4%, 27.3%, 45.8%, and 42.0%, respectively, and the rate of decrease was 14.3, 17.9, and 42.0% respectively compared with the first quarter. 2.3 points, 15.6 percentage points. The consumption of basic daily necessities recovered quickly. The retail sales of grain, oil, and food products fell by 11.3%, daily necessities fell by 18.3%, and Chinese and Western medicines fell by 6.9%. The rate of decline was 8.1, 13.5, and 7.7 percentage points respectively compared with the first quarter. Online retail continues to improve. Enterprises (units) above designated size in the province achieved 42.337 billion yuan in retail sales of goods through public networks, down 11.2%, and the rate of decline narrowed by 24.0 percentage points compared with the first quarter.
The decline in exports continued to narrow. In the first half of the year, the province's total RMB-denominated import and export volume was 166.66 billion yuan, down 1.5%, and the rate of decline narrowed by 19.4 percentage points compared with the first quarter. Among them, the total export volume was 98.27 billion yuan, a decrease of 7.6%, and the rate of decline narrowed by 30.5 percentage points compared with the first quarter; the total import volume was 68.39 billion yuan, an increase of 8.8%, and the growth rate was 2.3 percentage points lower than the first quarter.
The decline in fiscal revenue and expenditure narrowed. In the first half of the year, the province’s local general public budget revenue reached 120.88 billion yuan, a drop of 38.4%, and the rate of decline narrowed by 9.2 percentage points compared with the first quarter. Among them, tax revenue was 95.598 billion yuan, down 36.4%. Local general public budget expenditures were completed at 354.321 billion yuan, a decrease of 12.5%, and the rate of decline narrowed by 1.6 percentage points from the first quarter.
The financial market operates smoothly. As of the end of June, the deposit balance (in RMB terms) of the province's financial institutions was 6,448,731 million yuan, an increase of 7.8%, an increase of 473.96 billion yuan from the beginning of the year. The balance of various loans was 5516.998 billion yuan, an increase of 13.0%, an increase of 450.602 billion yuan over the beginning of the year.
Prices are generally stable. In the first half of the year, the province's consumer prices rose by 4.5% year-on-year, down 1.6% from the first quarter. Among them, urban rose 4.3%, rural rose 5.1%. In terms of categories, the prices of eight categories of commodities "seven rose and one fell." Among them, food, tobacco and alcohol prices rose by 13.7%, clothing prices by 0.2%, housing prices by 0.5%, household goods and services prices by 0.1%, transportation and communication prices by 3.2%, education, culture and entertainment prices by 1.8%, and medical care prices Increased 2.4%, and prices of other goods and services rose 5.5%.
The employment situation is generally stable. In the first half of the year, there were 252,200 new jobs in cities and towns across the province, a year-on-year decrease of 52.2%, and the rate of decline narrowed by 23.0 percentage points compared with the first quarter. The number of employees in the "Four Upper" units was 5,990,800, a decrease of 9.6%, and the rate of decrease narrowed by 4.0 percentage points from the first quarter. The number of rural migrant workers fell by 9.9% year-on-year, and the rate of decline narrowed by 43.4 percentage points from the first quarter.
The decline in residents' income has slowed down. In the first half of the year, the province’s urban and rural permanent residents’ per capita disposable income was 17,115 yuan and 6,357 yuan, down 10.1% and 8.8% year-on-year, respectively, and the rate of decline narrowed by 1.7 and 1.4 percentage points respectively compared with the first quarter.