TOTAL
SELECTED MAJOR
SECTORS OF THE
ECONOMY
THURSDAY, APRIL 13, 1989
6
PAYROLL IN
% CHANGE*
QUARTERLY
4TH QTR.
1987
4TH QTR. 1988
HK$ MN
HK$ MN
4TH QTR. 1988
ON
4TH QTR. 1987
MANUFACTURING
9,284
10,456
+12.6
WHOLESALE AND
7,613
9,167
+20.4
RETAIL, IMPORT
AND EXPORT TRADES
AND RESTAURANTS
AND HOTELS
FINANCING,
4,335
5,239
+20.8
INSURANCE, REAL ESTATE
AND BUSINESS
SERVICES
BASED ON UNROUNDED PAYROLL FIGURES.
COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS THE ABOVE THREE SECTORS INCREASED BY 12.6 PER CENT, 20.4 PER CENT 20.8 PER CENT RESPECTIVELY IN THE FOURTH QUARTER OF 1988.
AFTER ADJUSTMENT
IN
AND
FOR VARIATIONS IN TOTAL MONTHLY PAYROLL CHANGES IN OUTLAYS IN DECEMBER 1987 AND DECEMBER 1988, ARISING FROM 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 OF BY DEFLATED
INDEX THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL
AND PAYROLL PER PERSON ENGAGED. THESE TWO INDICES FOR DECEMBER 1987 DECEMBER 1988 ARE GIVEN IN THE TABLES BELOW :
NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED
(JUNE 1980 = 100)
% CHANGE
SELECTED MAJOR SECTORS OF THE
DEC. 88
ECONOMY
DEC. 87
DEC. 88
ON DEC. 87
MANUFACTURING
263.4
307.4
+16.7
WHOLESALE
AND
288.5
318.4
+10.4
RETAIL, IMPORT
AND EXPORT TRADES
AND RESTAURANTS
AND HOTELS
/FINANCING, 327.7