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15 July 2015

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Hunan Construction Industry’s Total Output Value up 5.7% in H1

2020-08-03 Download Print Comment
Hunan's construction industry development regains its vitality, and the adverse impact of the epidemic on the industry continued to weaken. Recently the Hunan Provincial Bureau of Statistics announced that in the first half of the year, the total output value of Hunan construction enterprises reached 465.641 billion yuan, an increase of 5.7% year on year and 10.2 percentage points higher than the first quarter.

Hunan’s construction enterprises have resumed work and production gradually since March. By the end of June, employees in this sector increased to 2.041 million, up by 1.6% over the same period of last year. The number of engineering and technical personnel increased by 2.3% year-on-year.

Employment growth helps quicken construction progress. In the first half of the year, the housing construction area of the province's construction industry was 56.66 million square meters, an increase of 18.7% year-on-year, and 19.9 percentage points higher than the first quarter. There were more than 10 million square meters of newly-started houses this year.

Statistics show that construction projects are the main support for the recovery of Hunan’s construction industry. In the first half of the year, the total output value of construction projects in the province was 402.921 billion yuan, a year-on-year increase of 7.1%. The growth rate was 10.9 percentage points higher than the previous quarter. The output value of installation projects recovers slowly.

This article is from Hunan Provincial Government www.enghunan.gov.cn. 

Translator: Xiao Juan

Chinese source: www.hunan.gov.cn