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First quarter GDP of Ningbo declines a bit
- Details
- Category: Governmental News
- Published: Friday, 08 May 2020 13:00
Ningbo Statistics Bureau and Ningbo Investigation Team of the National Bureau of Statistics released the statistics of the economic performance of Ningbo in the first quarter of 2020 on April 29. According to the preliminary accounting, the city’s GDP in the first quarter stood at 246.38 billion yuan, down by 7.0% over the same period of last year. Among others, the major economic indexes of March are seeing a clear rebound, showing an upward trend.
The sudden breakout of the coronavirus epidemic has exerted a great impact on Ningbo’s economy, which is export-oriented to a great extent. However, with the joint efforts of all the citizens for epidemic prevention and control and economic recovery work, Ningbo’s economic operation has returned to the normal track with the accelerated pace of work and production resumption. In terms of the three industries, in the first quarter, the primary industry achieved an added value of 6.14 billion yuan, down by 0.2%; the secondary industry achieved an added value of 106.52 billion yuan, down by 11.4%; and the tertiary industry, an added value of 133.72 billion yuan, down by 3.3%.
