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Value of manufacturers' orders-on-hand in February 1997
The value of manufacturers' orders-on-hand for local production in February 1997 decreased by 9% over a year earlier, according to the provisional results of a monthly survey released today (Monday) by the Census and Statistics Department.
Comparing February 1997 with February 1996, the value of orders of the fabricated metal products industry continued to increase, by 4%.
On the other hand, decreases of various magnitudes in the value of orders were recorded in the plastic products industry (-21%), the electronic products industry (- 14%), the textiles industry (-8%), the wearing apparel industry (-5%), the electrical products industry (-4%) and the printing & publishing industry (-3%),
Compared with January 1997, and bearing in mind that this comparison may be affected by seasonal factors, the value of manufacturers' orders-on-hand in February 1997 decreased by 4%.
The Monthly Survey of Orders-on-hand covers a sample of some 300 manufacturing firms engaging 50 or more workers.
Manufacturers' orders-on-hand refer to orders and parts of 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 to 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.
A spokesman of 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 a wider span of time points should be looked at.
The survey report for February 1997, at $6 a copy, is now available for sale at the Government Publications Centre, Queensway Government Offices, Low Block, Ground Floor, Queensway, and at the Census and Statistics Department Publications Unit, 19th Floor, Wanchai Tower, 12 Harbour Road, Wan Chai.
Enquiries about the survey results may be made to the Industrial Production Statistics Section of the Census and Statistics Department on 2805 6441.
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