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TUESDAY, MAY 15, 1990
SHORTAGE IN THE CONSTRUCTION SECTOR, FIRMS HAD THE PROBLEMS OF
COMPETITION FROM LOCAL OF SKILLED LABOUR, HIGH WAGE RATES AND PRICE
IS EXPECTED FIRMS IN HONG KONG IN THE FIRST QUARTER. THIS SITUATION TO CONTINUE IN THE SECOND QUARTER.
FIRMS IN THE
OF A SIGNIFICANT PROPORTION
DISTRIBUTIVE CATERING TRADES SECTOR AND OTHER SERVICES SECTOR CITED SHORTAGE STAFF GENERALLY AND HIGH STAFF TURNOVER AS MAJOR BUSINESS PROBLEMS
PN
THE FIRST QUARTER.
PRICE COMPETITION WAS ALSO GENERALLY CITED AS A
THESE SECTORS EXCEPT BY FIRMS IN
FOR THOSE IN THE DEVELOPMENT AND RELATED SERVICES INDUSTRY.
AND
OF
IN
MAJOR PROBLEM ESTATE REAL
PROBLEMS OF IN ADDITION TO THE ABOVE PROBLEMS, HOTELS HAD THE
AND HIGH STAFF INSUFFICIENT BUSINESS
COSTS WHILE BANKS HAD THE PROBLEMS OF SHORTAGE OF EXPERIENCED STAFF AND HIGH STAFF COSTS.
THESE
QUARTER.
SITUATIONS
ARE EXPECTED TO CONTINUE
THE IN
SECOND
THE SURVEY
PROVIDE
A
CURRENT
ACCORDING TO THE CENSUS AND STATISTICS DEPARTMENT, RESULTS, OBTAINED WITH A MINIMUM TIME LAG, ARE INTENDED TO
A QUICK ASSESSMENT OF THE SOURCE OF REFERENCE FOR MAKING ECONOMIC SITUATION OF HONG KONG.
FIRST
IN THE SURVEY, PARTICIPATING FIRMS WERE ASKED то INDICATE SITUATION AND LEVEL WHETHER, IN THEIR OPINION, THE GENERAL BUSINESS OF CAPACITY UTILISATION HAD IMPROVED, REMAINED
OR THE SAME DETERIORATED IN THE
QUARTER OF 1990 AS
WITH COMPARED
THE
PRECEDING QUARTER.
INDICATE WHETHER THE SITUATION IS
OR DETERIORATE
THE IN
SECOND
ΤΟ THEY WERE ALSO ASKED EXPECTED TO IMPROVE, REMAIN THE SAME QUARTER OF 1990.
THE OPINIONS OF RESPONDENTS WERE TABULATED AND ANALYSED.
A REPORT CONTAINS
SECTION ON THE MOREOVER, THE SURVEY
BUSINESS
BY PROBLEMS EXPERIENCED AND EXPECTED
FIRMS IN DIFFERENT ECONOMIC SECTORS, AND A BREAKDOWN OF THE VIEWS OF FIRMS BY SIZE GROUP.
THE THE DEPARTMENT CAUTIONED. THAT, IN A SURVEY OF THIS NATURE,
CAUTION AS IT RESULTS SHOULD BE INTERPRETED WITH
IS DIFFICULT TO RECOLLECTION OF ESTABLISH PRECISELY THE EXTENT TO WHICH RESPONDENTS' THE PAST AND PERCEPTION OF THE FUTURE ACCORDS WITH THE UNDERLYING TRENDS.
THE SURVEY REPORT
OF COPIES
MAY BE OBTAINED FROM THE GOVERNMENT PUBLICATIONS CENTRE, GPO BUILDING, CONNAUGHT PLACE,
OF THE CENSUS AND CENTRAL, AND FROM THE PUBLICATIONS SALES COUNTER STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI, AT $5.50 PER COPY.
FURTHER DETAILS OF THE QUARTERLY BUSINESS SURVEY MAY BE OBTAINED FROM THE NATIONAL INCOME BRANCH OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL. 823 4779.
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