1.4
third
of
Domestic demand, however, was relatively weak in
the
quarter. While the statistics on retained
imports
consumer goods suggest that consumer demand
revived somewhat, retained imports of capital goods continued to decline (paragraph 2.8). The forecast growth
rate in real terms of the gross domestic product in 1983
was recently revised upwards to between 5 1/2% and 6%,
from the budget estimate of 4%, mainly due to the upward
revision to the forecast growth rate in real terms of
domestic exports to 11%, from the budget estimate of 5%.
The demand for and supply of domestic resources
1.5
The unemployment and underemployment rates continued to fall in the third quarter of 1983 (paragraph
4.1). Both the demand for labour and the supply of labour increased slightly in the third quarter as compared with the same period of last year (paragraphs 4.4 and 4.5).
1.6
Comparing June 1983 with June 1982, employment
in the manufacturing sector showed no change (paragraph
4.6) while employment in the tertiary services sectors
rose slightly (paragraph 4.8); but employment in the
building and construction sector continued to decline
(paragraph 4.7). Nevertheless, reflecting the recovery of
the export sector, manufacturing employment increased during the first half of the year. In the twelve months
ending June 1983, earnings in the manufacturing sector, in
terms of payroll per person engaged,
engaged, increased in both
money terms and in real terms (paragraph 4.10); whereas those in the tertiary services sectors rose in money terms but remained unchanged on average
average in real terms (paragraph
4.11). Earnings in the construction sector increased in
money terms but decreased in real terms (paragraph 4.12).
/ 1.7 In
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