6
MONDAY, JANUARY 14, 1991
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.
1989
3RD QTR.
1990
3RD QTR. 1990
ON
3RD QTR. 1989
HK$ MN
HK$ MN
MANUFACTURING
11,125
11.422
WHOLESALE AND
10,446
13,453
+ 2.7
+28.8
RETAIL, IMPORT
AND EXPORT TRADES,
RESTAURANTS AND
HOTELS
FINANCING,
5,698
7,049
+23.7
INSURANCE,
REAL ESTATE
AND BUSINESS
SERVICES
COMPARED
BASED ON UNROUNDED PAYROLL FIGURES,
WITH THE SAME QUARTER A YEAR AGO, PAYROLL IN THE ABOVE THREE SECTORS INCREASED BY 2.7 PER CENT, 28.8 AND 23.7 PER CENT RESPECTIVELY IN THE THIRD QUARTER OF 1990.
ADJUSTMENT AFTER
OUTLAYS
PER CENT
FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN SEPTEMBER 1989 AND SEPTEMBER 1990, ARISING FROM CHANGES IN THE LEVEL OF EMPLOYMENT, A NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IS OBTAINED.
OF
TO ALLOW FOR THE EFFECTS OF PRICE CHANGES, THE NOMINAL INDEX IS DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX PAYROLL PER PERSON ENGAGED. THESE TWO INDICES FOR SEPTEMBER 1989 SEPTEMBER 1990 ARE GIVEN IN THE TABLES BELOW:
AND
NOMINAL INDEX OF
PAYROLL PER PERSON ENGAGED
(JUNE 1980 = 100)
SELECTED MAJOR
SECTORS OF THE
ECONOMY
SEPT 89
SBPT 90
MANUFACTURING
321.7
364.0
WHOLESALE AND
303.5
361.4
RETAIL, IMPORT
AND EXPORT TRADES,
RESTAURANTS AND
HOTELS
X CHANGE
SEPT 90
/FINANCING, INSURANCE
ON SEPT 89
+13.1
+19.1