XN000022-1984-07-10 — Page 8

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TUESDAY, JULY 10, 1984

SELECTED MAJOR SECTORS OF

THE ECONOMY

7

TOTAL QUARTERLY PAYROLL IN

1ST QTR. 1983

1ST QTR. 1984

HK$ MN

HK$ MN

6 011

7 006

%% CHANGE *

1ST QTR. 1984

ON

1ST QTR. 1983

+16.6

MANUFACTURING

WHOLESALE AND RETAIL, IMPORT AND EXPORT TRADES, AND RESTAURANTS AND HOTELS

FINANCE, INSURANCE

REAL ESTATE

AND BUSINESS

SERVICES

4 185

4 793

+14.5

2 128

2·421

+13.8

* BASED ON UNROUNDED PAYROLL FIGURES

RELATIVE TO THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS

IN THE ABOVE THREE SECTORS INCREASED BY 16.6 PER CENT, 14.5 PER CENT AND 13.8 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 (Á) TO GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED. VALUES OF THESE TWO INDICES ARE GIVEN IN THE TABLES BELOW:-

NOMINAL INDEX OF

PAYROLL PER PERSON ENGAGED

(JUNE 1980 = 100)

SELECTED MAJOR

SECTORS OF

THE ECONOMY

MANUFACTURING

MAR. 83

149.2

WHOLESALE AND RETAIL, IMPORT AND EXPORT TRADES, AND RESTAURANTS AND HOTELS

% CHANGE

MAR. 84

MAR. 84

ON MAR. 83

171.5

+14.9

149.3

166.8

+11.7

/FINANCE, INSURANCE,