CONFIDENTIAL #
summarised below :
11
(i) While investment activities in the
manufacturing sector remained
generally strong in the third
quarter, there were signs of slowing down towards the end of the quarter
in respect of investment in certain
major industries;
(ii) With an apparent slackening of
orders recently, manufacturers in
the textiles and garment industries
were becoming more cautious about
large-scale new investment.
Reflecting this, retained imports of textile machinery rose by only 7% in money terms in the third quarter of
1987 over a year ago, compared with
increases of 89% and 55%
respectively in the first and second
quarters;
(iii) A decline in the volume of local
sales of plastic injection moulding machines was reported recently,
implying that capital investment in the plastics industry was probably also slowing down; but
(iv)
Economic Analysis Division
Economic Services Branch
Government Secretariat 30 November 1987
Capital investment notably in the
electronics and watches and clocks
industries continued to be
encouraging during the third
quarter.
CONFIDENTIAL ##