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THURSDAY, JUNE 11, 1987
IN THE COMMUNICATIONS SECTOR WHICH INCLUDES TELEPHONE, TELEGRAPH, COURIER, RADIO-PAGING AND OTHER TELECOMMUNICATION COMPANIES, THERE WERE 162 ESTABLISHMENTS IN OPERATION IN 1985, AN INCREASE OF 23 PER CENT OVER 1984. THE TOTAL NUMBER OF PERSONS ENGAGED INCREASED SLIGHTLY BY 1 PER CENT TO 19,616.
COMPENSATION OF EMPLOYEES AMOUNTED TO $1,543 MILLION (+10 PER CENT) AND OPERATING EXPENSES TO $1,757 MILLION (-31 PER CENT). BUSINESS RECEIPTS AND OTHER INCOME INCREASED BY 5 PER CENT TO $6,548 MILLION, WHILE THE CONTRIBUTION OF THIS SECTOR TO THE GROSS DOMESTIC PRODUCT IN TERMS OF VALUE ADDED INCREASED BY 21 PER CENT TO $4,225 MILLION.
IN THE FINANCING SECTOR, 2,009 ESTABLISHMENTS WERE IN OPERATION DURING 1985, A DECREASE OF 1 PER CENT COMPARED WITH 1984. THIS SECTOR COMPRISES BILL DISCOUNTING COMPANIES, CREDIT INSTITUTIONS, FINANCE, LEASING, LOAN AND MORTGAGE COMPANIES, PAWNSHOPS, INVESTMENT AND HOLDING COMPANIES, SECURITY, COMMODITY FUTURES AND GOLD BULLION BROKERS AND DEALERS, MONEY CHANGERS AND FOREIGN EXCHANGE BROKERS AND DEALERS; BUT IT EXCLUDES BANKS AND DEPOSIT-TAKING COMPANIES WHICH ARB COVERED UNDER A SEPARATE SURVEY.
COMPARED WITH 1984, THE SECTOR'S TOTAL NUMBER OF PERSONS ENGAGED ROSE BY 10 PER CENT ΤΟ 19,814. COMPENSATION OF EMPLOYEES INCREASED BY 18 PER CENT то $1,957 MILLION. HOWEVER, OPERATING EXPENSES DECREASED BY 7 PER CENT TO $5,782 MILLION. BUSINESS RECEIPTS AND OTHER INCOME GREW BY 7 PER CENT TO $18,190 MILLION, WHILE THIS SECTOR'S VALUE ADDED INCREASED SLIGHTLY TO $3,147 MILLION.
IN THE BUSINESS SERVICES SECTOR, THERE WERE 5,189 ESTABLISHMENTS IN OPERATION IN 1985, AN INCREASE OF 18 PER CENT OVER
1984.
THESE ESTABLISHMENTS, INCLUDING LEGAL, ACCOUNTING, AUDITING AND DATA PROCESSING FIRMS; COMPANIES ENGAGING IN BUSINES9 MANAGEMENT AND CONSULTING, ADVERTISING, DESIGNING, SECRETARIAL AND EMPLOYMENT SERVICES; TECHNICAL SERVICES AND MACHINERY AND EQUIPMENT RENTAL COMPANIES; ENGAGED A TOTAL OF 52,889 PERSONS, AN INCREASE OF 15 PER CENT OVER 1984.
THEY SPENT $3,403 MILLION ON COMPENSATION OF EMPLOYEES (+22 PER CENT) AND $5,306 MILLION ON OPERATING EXPENSES {+17 PER CENT), AND GENERATED $11,234 MILLION OF BUSINESS RECEIPTS AND OTHER INCOME (+18 PER CENT).
/THE SECTOR