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ON THE OTHER HAND. ONLY A SLIGHT INCREASE IN PER CAPITA EARNINGS WAS RECORDED IN THE FABRICATED METAL PRODUCTS INDUSTRY, PROBABLY BECAUSE MOST COMPANIES SURVEYED IN THIS INDUSTRY USUALLY ISSUE DOUBLE PAY AND YEAR-END BONUSES TO EMPLOYEES IN JANUARY INSTEAD OF DECEMBER.
COMPARING DECEMBER 1988 WITH DECEMBER 1987, PER CAPITA EARNINGS INCREASED SUBSTANTIALLY IN ALL MANUFACTURING INDUSTRIES SURVEYED, WITH THE LARGEST INCREASES RECORDED IN THE FOOD AND DRINKS AND THE PLASTIC PRODUCTS INDUSTRIES.
IN THE CONSTRUCTION SECTOR, EMPLOYMENT IN DECEMBER 1988 DECREASED SLIGHTLY WHEN COMPARED WITH NOVEMBER 1988, BUT INCREASED SLIGHTLY OVER DECEMBER 1987. PER CAPITA EARNINGS IN DECEMBER 1988 INCREASED MARKEDLY WHEN COMPARED WITH BOTH NOVEMBER 1988 AND DECEMBER 1987.
THE INCREASE IN PER CAPITA EARNINGS OVER NOVEMBER 1988 WAS MAINLY DUE TO THE ISSUE OF YEAR-END BONUSES IN SOME CONSTRUCTION COMPANIES SURVEYED. IT SHOULD BE NOTED THAT FIGURES FOR THIS SECTOR COVER COMPANY EMPLOYEES ONLY; SITE WORKERS EMPLOYED BY LABOUR-ONLY SUB-CONTRACTORS ARE NOT INCLUDED.
IN
PER
THE SERVICE SECTORS SURVEYED, THE OVERALL LEVEL OF EMPLOYMENT IN DECEMBER 1988 WAS ALMOST THE SAME AS IN NOVEMBER
1988, WHILE IT INCREASED MODERATELY WHEN COMPARED WITH DECEMBER 1987. CAPITA EARNINGS IN DECEMBER 1988 SHOWED SUBSTANTIAL INCREASES NOVEMBER 1988 DUE TO THE ISSUE OF DOUBLE PAY AND ANNUAL BONUSES IN MOST COMPANIES SURVEYED.
OVER
THE INCREASE RECORDED IN THE BANKING SECTOR WAS PARTICULARLY LARGE. COMPARING DECEMBER 1988 WITH DECEMBER 1987, PER CAPITA. EARNINGS INCREASED SUBSTANTIALLY FOR THE SERVICE SECTORS AS A WHOLE, WITH THE LARGEST INCREASE RECORDED IN BANKS,
THE PERCENTAGE CHANGES IN ORDERS-ON-HAND, EMPLOYMENT AND PER CAPITA EARNINGS ARE SHOWN IN TABLES 1 TO 3.
THE SURVEY COVERED A PANEL OF THE 200 COMPANIES AND THE 50 LARGEST COMPANIES IN SELECTED SERVICE SECTORS, CHOSEN BY REFERENCE SIZES IN SEPTEMBER 1986.
LARGEST MANUFACTURING THE CONSTRUCTION AND TO THEIR EMPLOYMENT
DEPARTMENT
AS THE SAMPLE WAS NOT DRAWN ON A RANDOM BASIS, THE CAUTIONED THAT THE MAGNITUDES OF CHANGE INDICATED BY THE SURVEY RESULTS MIGHT NOT REFLECT THE EXPERIENCE OF THE ECONOMY AB A WHOLE.
NEVERTHELESS, THESE COULD PROVIDE A USEFUL INDICATION DIRECTION OF CHANGE FOR A QUICK ASSESSMENT OF DEVELOPMENTS ECONOMY IN THE SHORT TERM.
OF THE IN THE
THE SURVEY REPORT FOR DECEMBER 1988 IS NOW ON SALE AT THE GOVERNMENT PUBLICATIONS CENTRE, GEO BUILDING, CONNAUGHT PLACE, CENTRAL, AND AT THE CENSUS VYP STATISTICS DEPARTMENT PUBLICATIONS SALES COUNTER, 19TH FLOOR, WANCHA POWER 1, 12 HARBOUR ROAD, WAN CHAI, AT $1.50 PER COPY.
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