VALUE OF MANUFACTURERS
+
9
MONDAY, SEPTEMBER 19, 1994
ORDERS-ON-HAND IN JULY 1994
THE VALUE OF MANUFACTURERS' ORDERS-ON-HAND FOR LOCAL PRODUCTION IN JULY THIS YEAR INCREASED BY 12% OVER A YEAR EARLIER, ACCORDING TO THE PROVISIONAL RESULTS OF A MONTHLY SURVEY RELEASED TODAY (MONDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THE
COMPARING
JULY 1994 WITH JULY 1993, SIGNIFICANT INCREASES IN VALUE OF OUTSTANDING ORDERS WERE RECORDED IN THE ELECTRONIC PRODUCTS INDUSTRY (+36%), ELECTRICAL PRODUCTS INDUSTRY (+17%) AND PLASTIC PRODUCTS INDUSTRY (+16%).
MODERATE INCREASES IN ORDERS WERE RECORDED IN THE FABRICATED METAL PRODUCTS INDUSTRY (+11%) AND TEXTILES INDUSTRY (+10%).
ON THE OTHER HAND, DECREASES IN ORDERS WERE RECORDED IN THE PRINTING AND PUBLISHING INDUSTRY (-10%) AND WEARING APPAREL INDUSTRY (-9%).
COMPARED WITH JUNE 1994, AND BEARING IN MIND COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, THE MANUFACTURERS' ORDERS-ON-HAND IN JULY 1994 INCREASED BY 2%.
THE MONTHLY SURVEY OF ORDERS-ON-HAND COVERS A SAMPLE 300 MANUFACTURING FIRMS ENGAGING 50 OR MORE WORKERS,
THAT THIS VALUE
OF
OF
SOME
PARTS OF
MANUFACTURERS' ORDERS-ON-HAND REFER TO ORDERS AND ORDERS RECEIVED EARLIER BY MANUFACTURERS FOR LOCAL PRODUCTION WHICH REMAIN UNFILLED AS AT THE END OF THE REFERENCE MONTH.
ORDERS RECEIVED BY TRADERS NOT ENGAGED IN PRODUCTION ARE INCLUDED IF SUCH ORDERS ARE FURTHER PLACED ΤΟ MANUFACTURERS FOR PRODUCTION LOCALLY.
HOWEVER, ORDERS PLACED TO MANUFACTURING FIRMS FOR PRODUCTION IN- CHINA AND OTHER PLACES OUTSIDE HONG KONG ARE NOT INCLUDED IN THIS SERIES OF ORDERS-ON-HAND STATISTICS.
BEGINNING FROM JANUARY THIS YEAR, A NEW SERIES OF STATISTICS ON MANUFACTURERS' ORDERS-ON-HAND IN VALUE TERMS COMPILED IN THE FORM OF 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 MEASURE OF THE OVERALL VALUE OF ORDERS IN THE LOCAL MANUFACTURING SECTOR THAT LEAD TO THE GENERATION OF LOCAL MANUFACTURING OUTPUT.
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, HE SAID.
A
/THE SURVEY
.
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