The basic purpose of factor analysis is to describe many indicators or factors associated with several factors and most of the information of several factors was reflected by several original data. In this paper，it analyzed 18 industries that being influential on Hubei’s economy. Using the factor analysis method of multivariate statistical analysis，from both qualitative and quantitative point of view，the overall scale of Hubei industrial，enterprise operating capacity，economic benefits，solvency，financial risk are analyzed，and some countermeasures and suggestions are put forward based on that.