SELECTED MAJOR
SECTORS OF
THE ECONOMY
8
TUESDAY, OCTOBER 9, 1984
TOTAL QUARTERLY PAYROLL IN
2ND QTR. 1984
2ND QTR. 1983
HK$ MN
HK$ MN
5 613
6 752
CHANGE *
2ND QTR. 1934
ON
2ND QTR. 1933
MANUFACTURING
+20.3
WHOLESALE AND
RETAIL, IMPORT
AND EXPORT TRADES,
AND RESTAURANTS
AND HOTELS
3 542
4 186
+18.2
FINANCE, INSURANCE,
REAL ESTATE AND
EUS INESS SERVICES
1 905
2 240
+17.6
* BASED ON UNROUNDED PAYROLL FIGURES.
RELATIVE TO THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS IN THE SECOND QUARTER OF 1984 INCREASED BY 20.3 PER CENT, 18.2 PER CENT AND 17.6 PER CENT RESPECTIVELY.
AFTER ADJUSTMENT 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:-
SELECTED MAJOR
SECTORS OF
NOMINAL INDEX OF
PAYROLL PER PERSON ENGAGED
(JUNE 1980 - 100)
% CHANGE
JUNE 84
JUNE 84
ON JUNE 83
175.8
+16.9
THE ECONOMY
MANUFACTURING
JUNE 83
150.4
WHOLESALE AND
RETAIL, IMPORT
AND EXPORT TRADES,
AND RESTAURANTS
AND HOTELS
152.5
168.9
+10.8
FINANCE, INSURANCE,
REAL ESTATE AND
BUSINESS SERVICES
155.1
179.1
+15.5
/REAL INDEX
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