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(iii) In the clothing industry, investment
in the knitwear sector was weak during
the second quarter, while that in the
cut-and-sewn sector was generally
sustained.
(iv)
(v)
In the textiles industry, sluggish business continued to discourage new
investment. Machinery and equipment
were acquired mainly to replace
obsolete ones. The value of retained
imports of textile machinery in the
second quarter of 1989 was lower than
in both the second quarter of 1988 and
the first quarter of 1989.
Investment interest in the plastics
industry was maintained in the second quarter as overseas demand for plastic products improved. Local suppliers of plastic injection moulding machines reported an increase in sales in the
second quarter over the first quarter
of 1989.
(vi)
Investment in the metal products
industry was also active, with
increased sales reported by local
suppliers of metal-working machinery.
Economic Analysis Division Economic Services Branch Government Secretariat
31 August 1989
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