Industry concern | 4733.3billion yuan! National Bureau of Statistics announced the first quarter of the total output value of the national construction industry!

Source：TBT Release Date：2024-1-3

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Today, the National Bureau of Statistics released the national economy related data for the first quarter of this year. The national economy got off to a good start in the first quarter. According to preliminary calculations, the GDP in the first quarter was 24,931 billion yuan, an increase of 18.3% on a year-on-year basis at comparable prices. In the first quarter, the total output value of the construction industry in China was 4,733.3 billion yuan, up by 31.8% year-on-year.

From the above figure, from January to March 2021, the total output value of the national construction industry is 4,733.3 billion yuan, an increase of 31.8%; The construction area of the construction industry in China was 9.74 billion square meters, up 9.0% year-on-year.

Growth of national fixed asset investment in the first quarter

From January to March, the investment in fixed assets (excluding rural households) was 9,5999.4 billion yuan, up by 25.6 percent year on year; An increase of 6.0% over the January-March period of 2019, and a two-year average increase of 2.9%; Seasonally adjusted year-on-year growth of 2.06 percent from October to December last year. Among them, the private investment in fixed assets reached 5,502.2 billion yuan, up by 26.0 percent year-on-year. On a month-on-month basis, investment in fixed assets (excluding rural households) rose 1.51 per cent in March.

From the above chart, from January to March 2021, investment in construction and installation projects increased by 32.1% year-on-year.

In the tertiary sector, infrastructure investment (excluding the production and supply of electricity, heat, gas and water) increased by 29.7 percent year-on-year. Among them, the investment in water conservancy management industry increased by 42.5%; Investment in public facilities management increased by 23.5%; Investment in road transport increased by 25.7%; Investment in railway transportation increased by 66.6%.

Investment in the eastern region grew by 23.5 percent year on year. Investment in the central region increased by 39.9 percent; Investment in the western region grew by 23.3 percent. Investment in Northeast China increased by 19.7 percent.

By registration type, the investment of domestic enterprises increased by 25.8% year-on-year; Investment by Hong Kong, Macao and Taiwan businesses grew by 32.3%. Investment by foreign enterprises increased by 11.9 percent.