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TOTAL MONEY SUPPLY
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MONDAY, JULY 30, 1984
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TOTAL M1 ROSE BY 1.0 PER CENT AFTER A FALL OF 5.1 PER CENT IN MAY. TOTAL M2 INCREASED BY 1.2 PER CENT FOLLOWING A MARGINAL INCREASE OF 0.4 PECSNT IN MAY. TOTAL M3 GREW BY 2.1 PER CENT COMPARED WITH A GROWTH OF 1.7 PER CENT IN MAY. IN THE THREE MONTHS TO JUNE, TOTAL M1 FELL BY 4.6 PER CENT BUT TOTAL M2 AND TOTAL M3 GREW BY 1.7 PER CENT AND 5.3 PER CENT RESPECTIVELY, OVER THE TWELVE MONTHS, THE CORRESPONDING GROWTH RATES WERE 9.4 PER CENT, 23.4 PER CENT AND 29.8 PER CENT.
LOANS AND ADVANCES
TOTAL LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT- TAK ING COMPANIES ROSE BY 0.4 PER CENT FOLLOWING A RISE OF 0.8 PER CENT IN MAY. THE INCREASE IN THE THREE MONTHS TO JUNE WAS 1.6 PER CENT AND OVER THE TWELVE MONTHS, 12.3 PER CENT. IN ASSOCIATION WITH THE STRONG EXPORT PERFORMANCE, LOANS TO FINANCE VISIBLE TRADE CONTINUED TO GROW RAPIDLY, BY 5.4 PER CENT. IN THE THREE MONTHS TO JUNE THE INCREASE WAS 12.1 PER CENT AND OVER THE TWELVE MONTHS 19.0 PER CENT.
OTHER LOANS FOR USE IN HONG KONG ROSE BY 0.8 PER CENT, FOLLOWING A SMALL INCREASE OF 0.3 PER CENT IN MAY,
IN THE THREE MONTHS TO JUNE THE INCREASE WAS 0.9 PER CENT AND OVER THE TWELVE MONTHS THE INCREASE WAS 6.7 PER CENT.
QUARTERLY ANALYSIS OF LOANS AND ADVANCES FOR USE IN HONG KONG BY SECTOR
IN THE SECOND QUARTER, LOANS AND ADVANCES EXTENDED TO THE MANUFACTURING SECTOR FELL BY 1.8 PER CENT FOLLOWING A 4.0 PER CENT GROWTH IN THE FIRST QUARTER. LOANS TO THE WHOLESALE AND RETAIL TRADE SECTOR ROSE BY 2.7 PER CENT AFTER A DECLINE OF 2.0 PER CENT IN THE PREVIOUS QUARTER. LOANS TO THE BUILDING AND CONSTRUCTION SECTOR FELL BY 2.4 PER CENT, FOLLOWING A 0.6 PER CENT DECLINE IN THE PREVIOUS QUARTER. BORROWING BY INDIVIDUALS TO PURCHASE RESIDENTIAL PROPERTY OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME AND PRIVATE SECTOR PARTICIPATION SCHEME CONTINUED TO RISE, BY 4.4 PER CENT, PREVIOUS QUARTSOF 4.8 PER CENT.
COMPARED WITH A GROWTH IN THE
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/FOREIGN CURRENCY