I
SATURDAY, JULY 12, 1986
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:
TOTAL QUARTERLY PAYROLL IN
SELECTED MAJOR
% CHANGE*
1ST TR. 1986
SECTORS OF THE
ECONOMY
1ST QTR. 1985
HK$ MN
1ST QTR. 1986
HK$ MN
NO
1ST QTR. 1955
MANUFACTURING
7 899
8 369
+ 6.0
WHOLESALE AND RETAIL,
5 912
6 713
+13.5
IMPORT AND EXPORT
TRADES AND RESTAURANTS
AND HOTELS
FINANCING, INSURANCE,
2 752
3 216
+16.9
REAL ESTATE AND
BUSINESS SERVICES
* EASED ON UNROUNDED PAYROLL FIGURES.
COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 6.0 PER CENT, 13.5 PER CENT AND 16.9 PER CENT RESPECTIVELY IN THE FIRST QUARTER OF 1936.
AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN MARCH 1985 AND MARCH 1986, 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.
(A) to THE NOMINAL INDEX IS DEFLATED BY THE CONSUMER PRICE INDEX GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED. THESE TWO INDICES FOR MARCH 1985 AND MARCH 1986 ARE GIVEN IN THE TABLES BELOW:
NOMINAL INDEX OF
PAYROLL PER PERSON ENGAGED
(JUNE 1980 = 100)
% CHANGE
SELECTED MAJOR SECTORS OF THE ECONOMY
MAR 85
MAR 86
MAR 86 ON MAR 85
MANUFACTURING
181.0
203.6
+12.5
HOLESALE