XN000022-1984-04-10 — Page 7

QUESDAY, APRIL 10, 1984

6

RELATIVE TO SEPTEMBER 1983, HOWEVER, INDREASES OF 19.2 PER CENT AND 15.5 PER CENT WERE REGISTERED FOR THE HOLESALE AND RETAIL, IMPORT AND EXPORT AND RESTAURANTS ANTHOTELS SECTOR AND THE FINANCE, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR RESPECTIVELY. A DECREASE OF 20.9 PER

A DECREASE OF 20.9 PER CENT WAS RECORDED FOR THE MANUFACTURING SECTOR.

ALSO AVAILABLE FROM THE SURVEY ARE STATISTICS

ON MONTHLY PAYROLL OUTLAYS IN THE MANUFACTURING OTOR 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 1-

TOTAL QUARTERLY PAYROLL IN

CHANGE *

SELECTED MAJOR SECTORS OF THE ECONOMY

MANUFACTURING

WHOLESALE

AND RETAIL,

EXPORT,

AND

IMPORT AND

RESTAURANTS

AND HOTELS

FINANCE, INSURANCE,

REAL ESTATE AND

BUSINESS SERVICES

4TH QTR. 1982

4TH QTR. 1983

4TH QTR. 1983

ON 4TH QTR. 1982

HK$ MN

HK$ MN

5 111

5 953

+16.50

3 530

4 030

+14.2

2 017

2 267

+12.4

* BASED ON UNROUNDED PAYROLL FIGURES

RELATIVE TO THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 16.5 PER CENT, 14.2 PER CENT AND 12.4 PER CENT RESPECTIVELY.

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 :-

/NOMINAL INDEX