XN000022-1987-11-19 — Page 2

THURSDAY, NOVEMBER 19, 1987

SECOND QUARTER INDUSTRIAL PRODUCTION INDEX PUBLISHED

THE INDEX OF INDUSTRIAL PRODUCTION FOR THE SECOND QUARTER OF 1987, AT 171, WAS 27 POINTS OR 18.8 PER CENT ABOVE THAT FOR THE SAME BY QUARTER OF 1986, ACCORDING TO STATISTICS RELEASED TODAY (THURSDAY) THE CENSUS AND STATISTICS DEPARTMENT.

COMPARED WITH THE FIRST QUARTER OF 1987, THE INDEX SHOWED AN PARTLY DUR INCREASE OF 26 POINTS OR 17.9 PER CENT. THIS INCREASE WAS

IN TO THE LARGER NUMBER OF WORKING DAYS IN THE MANUFACTURING SECTOR

FIRST THE SECOND QUARTER AS COMPARED WITH THAT IN THE

QUARTER, WHEN MOST OF THE MANUFACTURING WORKERS HAD THEIR LUNAR NEW YEAR HOLIDAYS.

ACCORDING TO THE MANUFACTURERS SURVEYED, THE UPSURGE IN THE LEVEL OF PRODUCTION DURING THE SECOND QUARTER WAS LARGELY DUE TO A CONTINURD STRONG DEMAND FOR HONG KONG PRODUCTS IN MOST OVERSEAS MARKETS AND, IN PARTICULAR, EUROPE AND THE UNITED STATES.

INDUSTRIES WITH THE MOST SUBSTANTIAL INCREASES IN PRODUCTION OVER THE SECOND QUARTER OF 1986 WERE

PAPER AND PAPER PRODUCTS (+48.7 PER CENT); LEATHER PRODUCTS AND FOOTWEAR (EXCEPT RUBBER, PLASTIC AND WOODEN FOOTWEAR} (+43.2 PER CENT); RUBBER PRODUCTS (+37.2 PER CENT); CONSUMER ELECTRICAL AND ELECTRONIC PRODUCTS (+36.8 PER CENT); AND TOBACCO (+35.4 PER CENT).

THE TRANSPORT EQUIPMENT INDUSTRY SHOWED A DECLINE IN PRODUCTION COMPARED WITH THE SECOND QUARTER OF 1988 (-13 PER CENT). THIS WAS HOWEVER DUE TO A PARTICULARLY GOOD PRODUCTION PERFORMANCE THE SECOND QUARTER OF 1986.

BASIC

IN

INDUSTRIES PRODUCTS,

WITH

EXCEPT

CENT);

(+27.8

PER

THE

WITH THE

METALS

THE COMPARED WITH

FIRST QUARTER OF 1987,

METAL INCREASES IN PRODUCTION INCLUDED: FABRICATED MACHINERY AND EQUIPMENT (+37.2 PER CENT); BEVERAGES (+31.9 PER PAPER AND PAPER PRODUCTS (+31.2 PER CENT); CENT); AND PLASTIC PRODUCTS (+25.1 PER CENT). ON THE OTHER TOBACCO INDUSTRY SHOWED A DECLINE PRECEDING QUARTER (-21 PER CENT).

IN PRODUCTION

COMPARED

HAND,

CENSUS AND

INDUSTRIAL

TRENDS OF IS

SPOKESMAN IN RELEASING THESE FIGURES, A

FOR THE

DEPARTMENT STATISTICS

EXPLAINED THAT THE INDEX OF PRODUCTION IS PRIMARILY INTENDED TO reflect THE LEVELS AND

THE VOLUMB OUTPUT IN REAL TERMS. IN OTHER WORDS,

OF PRODUCTION MEASURED AFTER REMOVING THE EFFECT OF PRICE CHANGES.

MORE DETAILED INFORMATION CAN BE FOUND IN THE "REPORT ON THR QUARTERLY INDEX OF INDUSTRIAL PRODUCTION, SECOND QUARTER 1987".

OR AT THE

19/F.,

AT THE GENERAL POST CENSUS AND STATISTICS WANCHAI TOWER 1, 12 MAY ALSO BE ARRANGED

THIS PUBLICATION IS ON SALE AT $3 A COPY AND CAN BE OBTAINED FROM THE GOVERNMENT PUBLICATIONS SALES CENTRE OFFICE BUILDING, CONNAUGHT PLACE DEPARTMENT PUBLICATION SALES COUNTER, HARBOUR ROAD, WAN CHAI. REGULAR WITH THE GOVERNMENT PUBLICATIONS SALES CENTRE.

SUBSCRIPTION

FURTHER ENQUIRIES ABOUT THE

SURVEY MAY

AND

BR

INDUSTRIAL RESEARCH SECTION OF THE CENSUS ON 5-8234832.

THE

ΤΟ DIRECTED STATISTICS DEPARTMENT

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