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Concurrently, the total receipts of miscellaneous eating and drinking places also increased by 6% in value and 1% in volume.
Meanwhile, the total receipts of Chinese restaurants and bars increased slightly by 2% and 3% respectively in value but decreased by 1% and 2% respectively in volume.
For the fourth quarter of 1996, total receipts for the restaurants sector estimated at $14.6 billion, increased by 9% when compared with the same quarter in 1995. In volume terms, the receipts increased by 6%. This was the second consecutive quarter since the first quarter of 1994 when positive year-on-year growth in volume terms was registered. Besides, the value of total purchases of restaurants increased by 10% to $5.3 billion.
Compared with a year ago, total receipts of all types of restaurants registered increases in both value and volume terms. Among them, Chinese restaurants and fast food shops had the most rapid growth, both showing an upsurge of 10% in value terms. In volume terms, their total receipts rose by 7% and 4% respectively.
Likewise, the total receipts of non-Chinese restaurants and bars recorded the same increase in value terms, both by 9%. In volume terms, they grew by 5% and 3% respectively.
Besides, the total receipts of miscellaneous eating and drinking places also went up, by 5% in value and 0.1% in volume.
Comparing with the preceding quarter, and bearing in mind that such comparison is affected by seasonal factors, total receipts for the restaurants sector in the fourth quarter of 1996 increased by 4% in both value and 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 for this deflating purpose.
Table 1 presents the revised figures for the total receipts and total purchases of the restaurants sector for the third quarter of 1996 and the provisional figures for the fourth quarter of 1996.