THURSDAY, JULY 14, 1994
STATISTICS ON BUSINESS RECEIPTS FOR THE MAJOR SERVICE INDUSTRIES FROM THE FIRST QUARTER OF 1993
TO THE FIRST QUARTER OF 1994 RELEASED
BANKING
COMPARED
BUSINESS RECEIPTS IN FINANCIAL SERVICES OTHER THAN
DOUBLED IN VALUE TERMS IN THE FIRST QUARTER OF ALMOST
1994 WITH A YEAR EARLIER, ACCORDING TO STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
MARKED FUND
THE STRONG GROWTH IN THIS SERVICE INDUSTRY WAS BECAUSE OF A INCREASE IN ACTIVITY IN STOCK AND SHARE COMPANIES AND MUTUAL AGENCIES.
THIS WAS GENERALLY IN LINE WITH THE BUOYANCY OF THE LOCAL STOCK MARKET DURING LATE 1993 AND EARLY 1994.
BUSINESS RECEIPTS
IN BUSINESS SERVICES ALSO INCREASED SIGNIFICANTLY, BY 32% IN VALUE TERMS IN THE FIRST QUARTER OF 1994 OVER A YEAR EARLIER.
THE GROWTH IN THIS INDUSTRY WAS MAINLY ATTRIBUTABLE TO A LARGE INCREASE IN LEGAL AND ADVERTISING SERVICES.
THE INSURANCE INDUSTRY REGISTERED A GROWTH OF 33% IN VALUE TERMS OVER THE SAME PERIOD.
NOTABLE INCREASES WERE ALSO REGISTERED IN THE FOLLOWING SERVICE INDUSTRIES: COMMUNICATION (+20%); HOTELS (+20%); RETAIL (+18%); BANKING (+18%); IMPORT/EXPORT (+16%); AND RESTAURANTS (+15%).
HOWEVER, THE VALUE OF BUSINESS RECEIPTS IN THE STORAGE INDUSTRY DROPPED BY 7% IN THE FIRST QUARTER OF 1994 OVER A YEAR EARLIER.
THIS WAS IN LINE WITH THE DECREASE IN STORAGE CAPACITY RESULTING FROM THE CONTINUED RELOCATION OF PRODUCTION PROCESSES ΤΟ CHINA.
TABLE 1 PRESENTS THE BUSINESS RECEIPTS INDICES FOR PERIODS FROM THE FIRST TO FOURTH QUARTERS OF 1993.
PROVISIONAL INDICES FOR THE FIRST QUARTER OF 1994 ARE TNCLUDED. THE QUARTERLY AVERAGE OF BUSINESS RECEIPTS IN TAKEN AS 100.
12
ALSO
1992 WAS
FOR THE
RETAIL,
IT DEPICTS THE MOVEMENTS OF THE BUSINESS RECEIPTS SERVICE INDUSTRIES INCLUDING WHOLESALE, IMPORT/EXPORT, HOTELS, RESTAURANTS, TRANSPORT, STORAGE, COMMUNICATION, BANKING, FINANCING (EXCEPT BANKING), INSURANCE AND BUSINESS SERVICES, FIRST QUARTER OF 1993 TO THE FIRST QUARTER OF 1994.
FROM THE
STATISTICS ON BUSINESS RECEIPTS FOR MAJOR SERVICE INDUSTRIES FOR THE PERIOD FROM THE FIRST QUARTER OF 1993 TO THE FIRST QUARTER 1994 ARE RELEASED TODAY FOR THE FIRST TIME.
OF
/THE STATISTICS