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THURSDAY, JULY 11, 1985
ALSO AVAILABLE FROM THE SURVEY ARE STATISTICS ON MONTHLY PAYROLL OUTLAYS IN THE MANUFACTURING SECTOR, THE WHOLESALE AND RETAIL, IMPORT AND EXPORT TRADES, AND RESTAURANTS AND HOTELS SECTOR AND THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR. QUARTERLY TOTALS FOR EACH OF THESE SECTORS ARE SHOWN IN THE FOLLOWING TABLE:
SELECTED MAJOR SECTORS OF THE
ECONOMY
TOTAL QUARTERLY PAYROLL IN
CHANGE
1ST QTR. 1935
ON
1ST QTR. 1934
1ST QTR. 1984
1ST QTR. 1985
HK$ MN
HK$ MN
MANUFACTURING
7 006
7 899
+12.7
WHOLESALE AND
4 793
5 912
+23.3
RETAIL, IMPORT
AND EXPORT TRADES,
AND RESTAURANTS
AND HOTELS
FINANCING,
2 421
2 752
+13.7
INSURANCE,
REAL ESTATE
AND BUSINESS
SERVICES
COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 12.7 PER CENT. 23.3 PER CENT AND 13.7 PER CENT RESPECTIVELY IN THE FIRST QUARTER OF 1985.
AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN MARCH 1984 AND MARCH 1985 ARISING FROM CHANGES IN THE LEVEL OF EMPLOYMENT, A NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IS OBTAINED.
TO ALLOW FOR THE EFFECTS OF PRICE CHANGES, THE NOMINAL INDEX IS DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED. THESE TWO INDICES FOR MARCH 1984 AND MARCH 1985 ARE GIVEN IN THE TABLES BELOW:
/NOMINAL INDEX