THURSDAY, AUGUST 13, 1992
IN THE DISTRIBUTIVE AND CATERING TRADES SECTOR, PRICE COMPETITION AND HIGH STAFF COSTS CONTINUED TO BE THE COMMON PROBLEMS IN THE SECOND QUARTER OF 1992.
MOST
DURING THE PAST FEW QUARTERS, PRICE COMPETITION EMERGED AS THE WIDELY REPORTED PROBLEM IN THE WHOLESALE, RETAIL AND
IMPORT/EXPORT TRADES.
IN THE SECOND QUARTER, MORE RESTAURANTS REPORTED THE PROBLEMS OF INSUFFICIENT BUSINESS AND HIGH STAFF TURNOVER.
NEVERTHELESS, BOTH PROBLEMS ARE EXPECTED TO SUBSIDE SOMEWHAT IN THE THIRD QUARTER OF 1992. FOR HOTELS, THE PROBLEM OF INSUFFICIENT BUSINESS EASED OFF CONSIDERABLY IN THE SECOND QUARTER OF 1992.
FIRMS IN THE PROBLEMS OF PRICE QUARTER OF 1992. THIRD QUARTER.
OTHER SERVICES SECTOR ALSO EXPERIENCED THE COMMON COMPETITION AND HIGH STAFF COSTS IN THE SECOND THESE PROBLEMS ARE EXPECTED TO CONTINUE INTO THE
A
ACCORDING TO A SPOKESMAN FOR THE CENSUS AND STATISTICS DEPARTMENT, RESULTS OF THE QUARTERLY BUSINESS SURVEY, OBTAINED WITH MINIMUM TIME LAG, ARE INTENDED TO PROVIDE A SOURCE OF REFERENCE
OF A QUICK ASSESSMENT OF THE CURRENT ECONOMIC SITUATION MAKING KONG FROM A SHORT-TERM PERSPECTIVE.
J
FOR HONG
IN THE SURVEY, PARTICIPATING FIRMS WERE ASKED TO INDICATE THE WHETHER, IN
AND THEIR OPINION, THE GENERAL BUSINESS SITUATION LEVEL OF CAPACITY UTILISATION HAD IMPROVED'
OR 'REMAINED THE SAME * "DETERIORATED' IN THE SECOND QUARTER OF 1992 AS COMPARED WITH THE PRECEDING QUARTER.
•
+
SITUATION
THEY WERE ALSO ASKED TO INDICATE WHETHER THE
IS EXPECTED TO IMPROVE' 'REMAIN THE SAME' OR 'DETERIORATE' IN THE THIRD QUARTER OF 1992.
*
THE OPINIONS OF RESPONDENTS WERE THEN ANALYSED AND THE SUMMARY FINDINGS PUBLISHED IN THE "REPORT ON QUARTERLY BUSINESS SURVEY, SECOND QUARTER 1992".
MOREOVER, THE SURVEY REPORT CONTAINS A SECTION ON THE BUSINESS PROBLEMS EXPERIENCED AND EXPECTED BY FIRMS IN DIFFERENT ECONOMIC SECTORS,
A BREAKDOWN OF THE VIEWS OF FIRMS BY
SIZE
GROUP.
AND
EMPLOYMENT
ΤΟ
OF
UNDERLYING
NATURE, THE THE SPOKESMAN CAUTIONED THAT IN A SURVEY OF THIS RESULTS SHOULD BE INTERPRETED WITH CAUTION AS IT IS DIFFICULT ESTABLISH PRECISELY THE EXTENT TO WHICH RESPONDENTS' RECOLLECTION THE PAST AND PERCEPTION OF THE FUTURE ACCORDS WITH TRENDS.
THE
MEMBERS OF THE PUBLIC MAY PURCHASE COPIES OF THE SURVEY FROM THE GOVERNMENT PUBLICATIONS SALES CENTRE, GROUND FLOOR, POST OFFICE BUILDING, CONNAUGHT PLACE, OR FROM THE PUBLICATIONS
19TH FLOOR, COUNTER OF THE CENSUS AND STATISTICS DEPARTMENT, TOWER I, 12 HARBOUR ROAD, WAN CHAI, AT $9 A COPY.
REPORT
GENERAL SALES WANCHAI
SURVEY MAY BE
AND
FURTHER DETAILS OF THE QUARTERLY BUSINESS OBTAINED FROM THE INDUSTRIAL RESEARCH SECTION OF THE CENSUS STATISTICS DEPARTMENT ON TEL 839 3250.
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