MONDAY, JUNE 20, 1994
VALUE OF MANUFACTURERS' ORDERS-ON-HAND IN APRIL
THE VALUE OF MANUFACTURERS' ORDERS-ON-HAND FOR LOCAL PRODUCTION YEAR IN APRIL 1994 RETURNED TO A SMALL POSITIVE INCREASE OF 2% OVER A EARLIER, AFTER HAVING DECLINED IN THE FIRST THREE MONTHS OF THIS YEAR.
OF A MONTHLY SURVEY THIS IS PART OF THE PROVISIONAL RESULTS RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT,
MANUFACTURERS'
AND REFER TO ORDERS ORDERS-ON-HAND
PARTS OF PRODUCTION WHICH ORDERS RECEIVED EARLIER BY MANUFACTURERS FOR LOCAL REMAIN UNFILLED AS AT THE END OF THE REFERENCE MONTH.
BY TRADERS NOT ENGAGED IN PRODUCTION ARE
MANUFACTURERS ORDERS ARE FURTHER PLACED
ORDERS RECEIVED INCLUDED IF SUCH PRODUCTION LOCALLY.
ΤΟ
FOR
HOWEVER, ORDERS PLACED TO MANUFACTURING FIRMS FOR PRODUCTION IN
IN INCLUDED
THIS CHINA AND OTHER PLACES OUTSIDE HONG KONG ARE NOT SERIES OF ORDERS-ON-HAND STATISTICS.
COMPARING APRIL 1994 WITH APRIL 1993, SIGNIFICANT INCREASES IN VALUE OF OUTSTANDING ORDERS WERE RECORDED IN THE ELECTRONIC THE
PRODUCTS INDUSTRY PRODUCTS INDUSTRY (+18%) AND THE FABRICATED METAL
IN THE IN ORDERS WAS RECORDED
TEXTILES
MODERATE (+15%). INDUSTRY (+6%).
INCREASE
RECORDED INDUSTRY
ON THE OTHER HAND, SIGNIFICANT DECREASE IN ORDERS WAS IN THE WEARING APPAREL INDUSTRY (-17%). THE PLASTIC PRODUCTS AND THE PRINTING AND PUBLISHING INDUSTRY RECORDED SMALL DECREASES IN ORDERS (-2% AND -1% RESPECTIVELY). ORDERS IN THE ELECTRICAL INDUSTRY SHOWED LITTLE CHANGE.
PRODUCTS
WITH COMPARED
BE MAY
MARCHI 1994,
IN AND BEARING
MIND THAT THIS
VALUE COMPARISON
OF FACTORS, AFFECTED
THE SEASONAL BY MANUFACTURERS' ORDERS-ON-HAND IN APRIL 1994 INCREASED BY 7%.
OF SOME
THE MONTHLY SURVEY OF ORDERS-ON-HAND COVERS A SAMPLE 300 MANUFACTURING FIRMS ENGAGING 50 OR MORE WORKERS.
OP
STATISTICS
ON
OF
JANUARY 1994, A NEW SERIES BEGINNING FROM MANUFACTURERS' ORDERS-ON-HAND IN VALUE TERMS COMPILED IN THE FORM AN INDEX IS PRODUCED, TO REPLACE THE OLD SERIES WHICH WAS EXPRESSED IN TERMS OF NUMBER OF MONTHS TO COMPLETE THE OUTSTANDING ORDERS.
THE NEW STATISTICAL SERIES PROVIDES A MORE DIRECT THE OVERALL VALUE OF ORDERS IN THE LOCAL MANUFACTURING LEAD TO THE GENERATION OF LOCAL MANUFACTURING OUTPUT.
MEASURE OF SECTOR THAT
A SPOKESMAN FOR THE DEPARTMENT POINTED OUT THAT CAUTION SHOULD BE EXERCISED IN INTERPRETING THE MANUFACTURERS' ORDERS-ON-HAND FIGURES IN A SINGLE MONTH.
INSTEAD, THE TREND MOVEMENT OF THE SERIES AS DISPLAYED OVER WIDER SPAN OF TIME POINTS SHOULD BE LOOKED AT.
A
/THE SURVEY