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Hunan’s Business Climate Index up in Q3

Updated: 2019-10-23

On October 20, the Hunan Provincial Bureau of Statistics announced that Hunan’s business climate index was 126.16 in the third quarter, 0.5 points higher than the previous quarter. More than 90% of enterprises believed their business operation in this quarter were “good” or “general”. The confidence index score has been elevated.

Hunan province, adapting itself to the changing situation, has continued to exert its strength in stabilizing employment, finance, foreign trade, foreign investment, capital investment, and expectations. In the third quarter, the industrial orders index showed a comprehensive improvement in the business climate survey. The industrial order index was up 1.87 points, construction industry rose by 2.62 points, wholesale and retail industry grew by 2.19 points, accommodation and catering industry increased by 17.61 points, real estate development and management industry grew by 1.92 points, and scientific research and technical services up 3.67 points.

The enterprises became more confident and provided more job opportunities, as the order index rebounded. In the third quarter, the provincial enterprise employment index was 102.29, an increase of 1.67 points from the previous quarter. The employment index of large enterprises increased by 4.99 points compared with the previous quarter, boasting the fastest growth rate. The employment situation improved significantly.

Translator: Yu Jiangjiang
Chinese source: hnrb.voc.com.cn