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Restaurant receipts and purchases for third quarter
The value of total receipts for the restaurant sector in the third quarter of this year, estimated at $12.5 billion, decreased by 2% when compared with the same quarter of last year, according to provisional statistics released today (Thursday) by the Census and Statistics Department.
After discounting the effect of price changes over the period, total receipts decreased by 9% in volume terms.
The value of total purchases of restaurants in the third quarter of 1994, estimated at $4.5 billion, was 3% lower than that in the same quarter of 1993.
Compared with a year ago, the total receipts of bars and Chinese restaurants registered decreases of 3% and 4% in value, and 8% and 11% in volume respectively in the third quarter of 1994.
The total receipts of fast food shops and non-Chinese restaurants increased slightly by 3% and 1% in value respectively. However, they dropped by 4% and 6% respectively in volume terms.
Comparing the first three quarters in 1994 with the same period of 1993, total restaurant receipts rose by 7% in value but decreased by 2% in volume.
Comparing the third quarter of 1994 with the preceding quarter, and bearing in mind that the comparison may be affected by seasonal factors, total restaurant receipts increased by 4% in value and 3% in volume.
Restaurant receipts in volume terms are derived from receipts in value terms after adjusting for price changes. The relevant components of the Consumer Price Index are used as deflators.
Table 1 presents the revised figures for the total receipts and total purchases of the restaurant sector for the second quarter of 1994 and the provisional figures for the third quarter of 1994.