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FRIDAY, JANUARY 13, 1989

1988,'an

BETWEEN SEPTEMBER 1987 AND SEPTEMBER 1988, AN INCREASE OF 13.6 CENT WAS REGISTERED IN THE NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IN THE MANUFACTURING SECTOR.

PER

FOR THE WHOLESALE AND RETAIL, IMPORT AND EXPORT

EXPORT TRADES AND RESTAURANTS AND HOTELS SECTOR, THE INCREASE WAS 14.1 PER CENT AND FOR FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR, INCREASE WAS 6.2 PER CENT.

THE

THE

OVER THE SAME PERIOD, THE REAL INDEX OF PAYROLL PER PERSON ENGAGED REGISTERED AN INCREASE OF 4.6 PER CENT FOR THE MANUFACTURING SECTOR AND 4. PER CENT FOR THE WHOLESALE, RETAIL, IMPORT AND EXPORT TRADES AND RESTAURANTS AND HOTELS SECTOR, BUT A DECREASE OF 2.5 PER CENT FOR THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR.

DESPITE THE FACT THAT THERE WAS A GENERAL INCREASE IN WAGES AND SALARIES IN THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR, THE REAL INDEX OF PAYROLL PER PERSON ENGAGED FOR THIS SECTOR REGISTERED A DECLINE BETWEEN SEPTEMBER 1987 AND SEPTEMBER 1988.

THE DECLINE WAS LARGELY ACCOUNTED FOR BY THE DECREASES IN THE REAL INDEX OF PAYROLL PER PERSON ENGAGED IN THE INSURANCE (BY 6.6 PER CENT) AND BUSINESS SERVICE8 (BY 15.3 PER CENT) GROUPS, WHICH WERK MAINLY DUE TO AN INCREASE IN THE NUMBER OF SMALL UNDERTAKINGS AND THUS IN THE PROPORTION OF UNPAID WORKERS (INCLUDING PROPRIETORS. PARTNERS AND UNPAID DIRECTORS), AND THE REPLACEMENT OF EMPLOYBES SALARIES BY THOSE WITH LOWER BALARIES.

WITH HIGH

HOWEVER. WITHIN THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS JERVICES SECTOR, THE FINANCIAL INSTITUTIONS

INSTITUTIONS GROUP. WHICH INCLUDES BANKS, DEPOSIT-TAKING COMPANIES AND OTHER FINANCIAL INSTITUTIONS, REGISTERED A RISE OF 9.9 PER CENT IN THE REAL INDEX OF PAYROLL PER PERSON ENGAGED OVER THE SAME PERIOD.

DETAILED BREAKDOWNS OF THE ABOVE STATISTICS ARE AVAILABLE THE QUARTERLY REPORT OF EMPLOYMENT, VACANCIES AND PAYROLL STATISTI SEPTEMBER 1988, WHICH IS AVAILABLE AT #11 PER CORY AT THE GOVERNM PUBLICATIONS ORNTRE, OWNERAL POST OFFICE BUILDING AROUND CONNAUGHT PLACE, HONG KONG AND AT THE SALES COUNTER OF THE CENSUS STATISTICH DEPARTMENT ON THE 19TH FLOOR, WANGHAI TOWER

ROAD, WAN CHAI, HONG KONG,

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