2
WEDNESDAY, AUGUST 14, 1991
REGARDING THE SHORT-TERM BUSINESS PROSPECTS, THE SITUATION EXPECTED TO CONTINUE' IN THE THIRD QUARTER.
IS
ABOUT 1,000 FIRMS FROM VARIOUS INDUSTRIES AND TRADES, FORMING A CROSS-SECTION OF THE BUSINESS COMMUNITY, PARTICIPATED IN THE SURVEY,
THEY WERE ASKED
BUSINESS EXPERIENCES EXPECTATIONS AS WELL AS THE BUSINESS PROBLEMS THEY FACED.
IN
ABOUT
THEIR
AND
RATES, PRICE ORDERS OR PROBLEMS
ARE
IN THE MANUFACTURING SECOND QUARTER OF 1991, FIRMS THE SECTOR GENERALLY ENCOUNTERED THE PROBLEMS OF HIGH WAGE COMPETITION, HIGH MATERIAL PRICES, INSUFFICIENT BUSINESS
AND SHORTAGE OF CONTRACTS,
SKILLED EXPECTED TO CONTINUE IN THE THIRD QUARTER,
LABOUR.
THESE
SHORTAGE COMPETITION,
OF
MAJOR то
IN THE CONSTRUCTION SECTOR, PRICE SKILLED LABOUR, AND INSUFFICIENT BUSINESS OR CONTRACTS WERE THE
IN
PROBLEMS ARE THE PROBLEMS
SECOND QUARTER. SUSTAIN IN THE THIRD QUARTER.
P
IN
THESE
EXPECTED
PRICE
MAJOR
THE DISTRIBUTIVE AND CATERING TRADES SECTOR AND THE OTHER SERVICES SECTOR,
CITED A SIGNIFICANT PROPORTION OF FIRMS COMPETITION, HIGH STAFF COSTS, AND HIGH STAFF TURNOVER AS THEIR BUSINESS PROBLEMS IN THE SECOND QUARTER OF 1991.
IN
ADDITION,
HOTELS ALSO ENCOUNTERED
THE SECOND QUARTER. IN BUSINESS
THE THESE
PROBLEM PROBLEMS
OF
ARE
INSUFFICIENT EXPECTED TO CONTINUE IN THE THIRD QUARTER.
OF
ARE
MAKING
A QUICK KONG FROM A
ACCORDING TO THE CENSUS AND STATISTICS DEPARTMENT, RESULTS THE QUARTERLY BUSINESS SURVEY, OBTAINED WITH A MINIMUM TIME LAG,
SOURCE OF ΤΟ PROVIDE
FOR REFERENCE INTENDED
A
ASSESSMENT OF
CURRENT ECONOMIC SITUATION OF HONG THE SHORT-TERM PERSPECTIVE.
INDICATE
AND THE
TO ASKED IN THE SURVEY, PARTICIPATING FIRMS WERE WHETHER, IN THEIR OPINION, THE GENERAL BUSINESS SITUATION LEVEL OF CAPACITY UTILISATION HAD "IMPROVED", "REMAINED THE SAME"
WITH COMPARED "DETERIORATED" IN THE SECOND QUARTER OF 1991 AS PRECEDING QUARTER.
THEY WERE
OR THE
THE SITUATION IS ALSO ASKED TO INDICATE WHETHER EXPECTED TO "IMPROVE", "REMAIN THE SAME" OR "DETERIORATE" IN THE THIRD QUARTER OF 1991.
THE OPINIONS OF RESPONDENTS WERE THEN ANALYSED AND THE FINDINGS PUBLISHED IN THE "REPORT ON QUARTERLY BUSINESS SURVEY, QUARTER 1991".
SUMMARY SECOND
MOREOVER, THE SURVEY REPORT CONTAINS A SECTION ON THE BUSINESS
IN AND EXPECTED BY FIRMS
EXPERIENCED
PROBLEMS SECTORS, AND A BREAKDOWN OF THE VIEWS OF FIRMS
DIFFERENT ECONOMIC BY EMPLOYMENT SIZE
GROUP.
/THE DEPARTMENT