Statistical Analysis on the Development of Construction Industry in the First Half of 2024

2024-08-02 10:40:27

In the first half of the year, the construction industry realized an added value of 3777.1 billion yuan, an increase of 4.8% over the same period last year, and the growth rate was 0.2 percentage points lower than that of GDP. The added value of the construction industry accounted for 6.12% of the GDP.

1. The basic situation

of the national construction industry in the first half of 2024 (1) The added value of

the construction industry, according to preliminary accounting, China's GDP in the first half of 2024 was 61683.6 billion yuan. In the first half of the year, the added value of the construction industry was 3777.1 billion yuan, an increase of 4.8% over the same period last year. The added value of the construction industry accounted for 6% of the GDP.

(2) Investment in construction and installation projects and the total output value

of the construction industry In the first half of 2024, the national investment in fixed assets (excluding farmers) was 245.39 billion yuan. In the first half of 2024, the investment in construction and installation projects increased by 3.8% year-on-year, which was lower

than that of the national fixed assets investment (excluding farmers). In the first half of 2024, the national construction enterprises (referring to the general contracting and professional contracting construction enterprises with qualifications, excluding labor subcontracting construction enterprises) increased by 0.9% year-on-year. The same below) The 138311 of the total output value of the construction industry was 86 million yuan, an increase of 4.8% over the same period last year, 0.9 percentage points higher than that of the national investment in fixed assets (excluding farmers). The 48231 of the output value of construction enterprises was 89 million yuan, an increase of 1.9% over the same period last year; The 47541 of output value in other provinces was 187 million yuan, an increase of 4.2% over the same period last year, accounting for 34% of the total output value of the construction industry.

The 151901 of construction enterprises with construction activities nationwide was, up 8.7% year-on-year; Among them, there are 10050 state-owned and state-controlled construction enterprises, an increase of 1338 over the same period last year, accounting for 6% of the total number of construction enterprises.

In the first half of 2024, the labor productivity calculated by the total output value of the construction industry is 294227 yuan per person. Year-on-year growth 4.

(4) The total value of contracts signed and new contracts signed by construction enterprises In the first half of

2024, the total value of contracts signed by construction enterprises nationwide was 533035 125 million yuan, an increase of 3.7% over the same period last year. Among them, the value of newly signed contracts was 149125 106 million yuan, a decrease of 3.

(5) Housing construction area and completed area

In the first half of 2024, the housing construction area was 11.039 billion square meters, a decrease of 6. New construction area of 1.518 billion square meters, lower than the same period last year 14. Housing completed area of 1.351 billion square meters, lower than the same period last year 4.

From the national construction enterprise housing completed area composition, residential housing completed area accounted for the largest proportion, 59.06%; The completed area of plants and buildings accounted for 19.81%;

2. Basic situation

of the construction industry in the first half of 2024 (1) Completion of the

total output value of the construction industry in the first half of 2024. The total output value of the construction industry in Jiangsu, Zhejiang and Guangdong all exceeded 1 trillion yuan, reaching 156 million yuan in 16947, 106 million yuan in 11639 and 110 million yuan in 11439, accounting for 12.3%, 8.4% and 8% of the total output value of the construction industry in China, respectively. Hubei, Shandong, Sichuan, Fujian, Beijing, Hunan, Anhui and Henan are also 11 regions with a total output value of more than 500 billion yuan. The total output value of the construction industry completed by the above 11 provinces and cities accounts for 70% of the total output value of the national construction industry. From the growth of the total output value of the construction industry in each region, the total output value of the construction industry in 25 regions has increased by different margins compared with the same period last year. Among them, Tibet has the largest growth rate, reaching 19.7%, followed by Inner Mongolia, with an increase rate of 10. The total output value of construction industry in Ningxia, Qinghai, Shanxi, Heilongjiang, Shaanxi and Beijing showed negative growth compared with the same period last year (Figure 1).

Figure 1 The total output value of the construction industry and its growth

in the first half of 2024 (2) The total output value

of the construction industry completed in other provinces in the first half of 2024. Jiangsu and Beijing still rank the top two in the total output value of construction industry in other provinces, with 726.749 billion yuan and 4816 yuan respectively. The total output value of the two provinces in other provinces accounts for 25% of the total output value in other provinces. Hubei, Fujian, Zhejiang, Guangdong, Shanghai, Hunan, Shandong, Tianjin, Shaanxi, Henan, Sichuan and other 11 regions. The total output value of the construction industry completed in other provinces has exceeded 150 billion yuan. The fastest year-on-year growth in the total output value of the construction industry completed in other provinces was in Yunnan, reaching 24. Chongqing, Zhejiang and Inner Mongolia also increased by more than 15%. The total output value of the construction industry completed by 13 regions in other provinces showed negative growth, of which the negative growth in Xinjiang, Ningxia and Tibet exceeded or approached 20%. In terms of export-oriented degree (that is, the proportion of the output value completed in other provinces to the total output value of the construction industry in the region), the top three regions are still Beijing, Tianjin and Shanghai. 71.99%, 70.37% and 53% respectively. There are 11 regions with export-oriented degree exceeding 30%, including Qinghai, Fujian, Hubei, Jiangsu, Inner Mongolia, Shaanxi, Shanxi, Hunan, Liaoning, Hebei and Guizhou (Figure 2).

Figure 5 Labor productivity and growth

of construction industry in the first half of 2024 (4) The total amount of contracts signed by construction enterprises and the amount

of new contracts signed in the first half of 2024. The total amount of contracts signed by construction enterprises in Guangdong, Hubei, Beijing, Jiangsu, Zhejiang, Sichuan and Shanghai has exceeded 300 billion yuan. Respectively, the 56247 was 1.01 billion yuan, the 44084 was 0.49 billion yuan, the 41943 was 0.85 billion yuan, the 39364 was 0.81 billion yuan, the 34870 was 0.17 billion yuan, the 34691 was 0.48 billion yuan, and the 31568. Shandong, Hunan and Fujian were the other three regions with a total contract value of more than 2,000 billion yuan. The fastest year-on-year growth in contract value was in Tianjin, which reached 26. Tibet, Inner Mongolia, Beijing, Hainan and Sichuan also increased by more than 10%. The total amount of contracts in six regions showed negative growth, of which the negative growth in Guangxi was 7.

Figure 6 The total amount of contracts of construction enterprises in the first half of 2024 and its growth

in the first half of 2024. The newly signed contracts of construction enterprises in Jiangsu, Hubei, Guangdong and Zhejiang provinces all exceeded 1 trillion yuan, reaching the 15451 respectively.6.4 billion yuan, 1.38 billion yuan in 12852, 1.13 billion yuan in 12169 and 10180. Seven regions, including Shandong, Sichuan, Beijing, Fujian, Hunan, Shanghai and Anhui, also signed new contracts worth more than 600 billion yuan. The fastest year-on-year increase in new contracts was in Tibet, which reached 54. Heilongjiang, Tianjin, Xinjiang, Hunan and Jiangsu also increased by more than 10%. The newly signed contracts in 19 regions showed negative growth, of which the negative growth in Shaanxi, Qinghai and Gansu all exceeded or reached 20% (Figure 7).

Figure 7 The amount of new contracts signed by construction enterprises in various regions in the first half of 2024 and their growth

(5) Housing construction area and completed area

In the first half of 2024, the construction area of construction enterprises in Jiangsu and Zhejiang exceeded 1 billion square meters. Guangdong, Beijing, Shandong, Fujian, Hubei and other five regions have reached 1.936 billion square meters and 12. Housing construction area has exceeded 500 million square meters. The growth rate of housing construction area in Anhui and Guangdong ranked the top two, with negative growth in housing construction area in 12.5% and 10.27 regions, respectively. Among them, the negative growth of Qinghai, Jilin and Heilongjiang reached 46.3%, 39.6% and 33% respectively.

Jiangsu and Zhejiang construction enterprises have completed more than 100 million square meters of housing construction area, 263 million square meters, 1. Hubei, Hunan, Guangdong, Fujian, Sichuan, Shandong, Jiangxi and other seven regions have completed more than 50 million square meters of housing construction area. The completed area of housing construction in Heilongjiang and Beijing increased by more than 20%, 29.5% and 21% respectively. Ningxia and Shanghai also increased by more than 10%. The completed area of housing construction in 25 regions showed negative growth, of which Xinjiang, Liaoning and Jilin all showed negative growth of more than 30% (Figure 9).

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Correlation

CEMPI

133.85

0 0%

CONCPI

112.35

-0.15 -0.13%

CLKPI

141.95

0.00 0.00%

SPPI

50.58

-0.05 -0.10%

MORPI

80.53

+0.10 +0.12%

According to the tracking situation of China Cement Network, the situation of cement industry in 2024 will be more severe, and the utilization rate of production capacity will further decline. Especially in Henan and Tianjin, the utilization rate of clinker production capacity has been less than 50% in 2023, and this situation will probably continue in 2024.