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First three quarters see five-straight-month growth of Jingzhou's industrial added value
Updated: 2020-11-06 16:10:10

Since the beginning of this year, Jingzhou has coordinated epidemic prevention and control, and the work and production resumption of industrial enterprises in a scientific manner, accelerated the recovery of the industrial economy, and achieved five-straight-month year-on-year growth of above-scale industrial added value.

Jingzhou's above-scale industrial added value in the first three quarters was down 14.4 percent year on year, narrowing the declined by 11.9 percent compared to the first half.

Enterprises resumed production. Stimulated by national preferential policies, Jingzhou's industrial production improved gradually. The growth of Jingzhou's above-scale industrial added value recovered month by month, turned positive in May and was up over 10 percent year on year in September. 727 above-scale industrial enterprises in Jingzhou achieved year-on-year growth in September, accounting for 61.5 percent of all above-scale industrial enterprises in Jingzhou, up 4.4 percent from August.

The recovery of key industries accelerated. 26 of Jingzhou's 35 industrial categories grew in September, up 24 from March and up 5 from June, including liquor, beverage and refined tea manufacturing, textile, papermaking and paper products, chemical materials and chemical products manufacturing, non-metallic mineral product manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing, manufacturing of computers, communication and other electric equipment. 26 industries achieved growth in the third quarter, up 24 from the first quarter and up 13 from the second quarter.

Quarterly growth turned positive. Jingzhou's above-scale industrial added value growth was down 53.9 percent year on year, even with last year in the second quarter and up 6.0 percent year on year in the third quarter.

Enterprises gradually regained confidence. Enterprises back to over 50 percent of their normal production levels in September accounted for 86 percent; enterprises that got domestic orders in the third quarter basically equal to or more than those got in the same period of last year accounted for 53.7 percent; enterprises that got foreign orders in the third quarter basically equal to or more than those got in the same period of last year accounted for 69.4 percent. Data show more than 50 percent of enterprises have restored their production to levels in the same period of last year, the situation of industrial production will continue to improve and the confidence in industrial recovery will be enhanced in the fourth quarter.


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