XN000022-1983-10-09 — Page 5

SUNDAY, ONION

COMPARED WITH THE CORRESPONDING MONTH IN 1982, THE NUMBER C REPORTED VACANCIES FOR JUNE 1983 INCREASED IN THE MANUFACTURING SECTOR AND THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR BUT DECREASED IN THE WHOLESALE AND RETAIL, IMPORT AND EXPORT,

WHILE THE INCREASES IN THE A RESTAURANTS AND HOTELS SECTOR. MANUFACTURING SECTOR AND THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR WERE 22.2% AND 3.9% RESPECTIVELY, THE DECREASE IN THE WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR WAS 23.5%

RELATIVE TO MARCH 1983, HOWEVER, DECREASES OF 14.6% AND 15.6% WERE REGISTERED FOR THE MANUFACTURING SECTOR

ND WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND

OF 0.8% WAS RECORDED HOTELS SECTOR RESPECTIVELY. A SLIGHT INCREASE FOR THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES S.CTOR.

ALSO AVAILABLE FROM THE SURVEY ARE STATISTICS ON MONTHLY PAYROLL OUTLAYS IN THE MANUFACTURING SECTOR, THE WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR, AND THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR. QUARTERLY TOTALS FOR EACH OF THESE SECTORS ARE SHOWN IN THE FOLLOWING TABLE.

SELECTED MAJOR

SECTORS OF

THE ECONOMY

TOTAL QUARTERLY PAYROLL IN

2ND QTR. 1982

CHANGE+

2ND QTR. 1983

ON

2ND QTR.

1983

HK$ MN

HK$ MN

2ND QTR. 1982

MANUFACTURING

5 091

5 613

+10.3

WHOLESALE AND

3 056

3 542

+15.9

RETAIL, IMPORT

AND EXPORT, AND

RESTAURANTS AND

HOTELS

FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES

1 694

1 905

+12.4

+ BASED ON UNROUNDED PAYROLL FIGURES

RELATIVE TO THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 10.3%, 15.9% AND 12.4%% RESPECTIVELY. THE LARGE INCREASE IN THE WHOLESALE AND RETAIL, IMPORT AND EXPORT, AND RESTAURANTS AND HOTELS SECTOR. AT 15.9%, WAS IN PART DUE TO INCREASED EMPLOYMENT IN THIS SECTOR.

BY ADJUSTING FOR VARIATIONS IN TOTAL PAYROLL OUTLAYS ARISING FROM CHANGES IN THE LEVEL OF EMPLOYMENT, A NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IS OBTAINED. TO ALLOW FOR THE EFFECTS OF PRICE CHANGES, THE NOMINAL INDEX IS DEFLATED BY THE CONSUMER PRICE

INDEX (A) TO GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED. VALUES OF THESE TWO INDICES ARE GIVEN IN THE TABLES BELOW #-

/NCIAL INDEX