15
TUESDAY, APRIL 12, 1988
QUARTERLY TOTALS FOR EACH OF THESE SECTORS
FOLLOWING TABLE:
ARE SHOWN IN THE
TOTAL QUARTERLY PAYROLL IN
SELECTED MAJOR SECTORS OF THE ECONOMY
4TH QUARTER 4TH QUARTER
1986
1987
HK$ MN
HK$ MN
8,390
9,284
MANUFACTURING
WHOLESALE AND
RETAIL, IMPORT
TRADES AND
AND EXPORT
RESTAURANTS
AND HOTELS
FINANCING,
INSURANCE,
REAL ESTATE
AND BUSINESS
SERVICES
X CHANGE+
4TH QUARTER 1987 ON 4TH QUARTER 1986
+10.6
6,459
7,613
+17.9
3,679
4,335
+17.8
BASED ON UNROUNDED PAYROLL FIGURES.
AND
COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 10.6 PER CENT, 17.9 PER CENT 17.8 PER CENT RESPECTIVELY IN THE FOURTH QUARTER OF 1987.
AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL
FROM OUTLAYS IN DECEMBER 1986 AND DECEMBER 1987, ARISING
CHANGES IN
EMPLOYMENT, A THE LEVEL OF
NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IS OBTAINED.
NOMINAL INDEX
OF
THE TO ALLOW FOR THE EFFECTS OF PRICE CHANGES, IS DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL' INDEX PAYROLL PER PERSON ENGAGED.
THESE TWO INDICES FOR GIVEN IN THE TABLES BELOW: -
DECEMBER 1986
AND DECEMBER 1987 ARE
/NOMINAL INDEX