17
MONDAY, JANUARY 15, 1990
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 FOLLOWING TABLE:
THE
TOTAL QUARTERLY PAYROLL IN
* CHANGE*
SELECTED MAJOR SECTORS OF THE ECONOMY
3RD QTR. 1988
3RD QTR. 1989
3RD QTR. 1989
ON
3RD QTR. 1988
HK$ MN
HK$ MN
10,137
11,125
+ 9.7
MANUFACTURING
WHOLESALE AND
RETAIL, IMPORT
AND EXPORT
TRADES AND
RESTAURANTS
AND HOTELS
FINANCING,
INSURANCE,
REAL ESTATE
AND BUSINESS
SERVICES
8,184
10,446
+27.6
4,435
5,698
BASED ON UNROUNDED PAYROLL FIGURES.
+28.5
COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 9.7 PER CENT, 27.6 PER CENT AND 28.5 PER CENT RESPECTIVELY IN THE THIRD QUARTER OF 1989.
AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN SEPTEMBER 1988 AND SEPTEMBER 1989, 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, THE NOMINAL INDEX 18 DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED.
THESE TWO INDICES FOR SEPTEMBER 1988 AND SEPTEMBER 1989 ARE GIVEN IN THE TABLES BELOW:
/NOMINAL INDEX