XN000022-1989-07-13 — Page 4

THURSDAY, JULY 13, 1989

COMPARED WITH DECEMBER 1988, THE NUMBER OF

REPORTED VACANCIES

AND RETAIL, IMPORT AND EXPORT

FINANCING,

IN THE MANUFACTURING, THE WHOLESALE

THE AND

INSURANCE, TRADES, RESTAURANTS AND HOTELS ESTATE AND BUSINESS SERVICES SECTORS INCREASED BY 10.2 PER CENT, PER CENT AND 9.4 PER CENT RESPECTIVELY IN MARCH 1989.

REAL 15.7

ARE STATISTICS ON THE SURVEY

MONTHLY ALSO AVAILABLE FROM PAYROLL OUTLAYS IN THE MANUFACTURING SECTOR; THE WHOLESALE AND RETAIL,

AND THE IMPORT AND EXPORT TRADES AND RESTAURANTS AND HOTELS SECTOR; FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES QUARTERLY TOTALS FOR EACH OF THESE SECTORS ARE SHOWN IN THE TABLE:

SECTOR. FOLLOWING

TOTAL QUARTERLY PAYROLL IN

% CHANGE*

SELECTED MAJOR SECTORS OF THE ECONOMY

1ST QTR. 1988

197 QTR. 1989

1ST QTR. 1989

ON

1ST QTR. 1988

HK$ MN

HK$ MN

MANUFACTURING

10,522

11,712

+11.3

WHOLESALE AND

8,950

11,071

+23.7

RETAIL, IMPORT

AND EXPORT TRADES

AND RESTAURANTS

AND HOTELS

FINANCING,

INSURANCE, REAL ESTATE

AND BUSINESS SERVICES

4.440

5,970

+34.4

* BASED ON UNROUNDED PAYROLL FIGURES

COMPARED WITH SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS

CENT, 23.7 PER ABOVE THREE SECTORS INCREASED BY 11.3 PER 34.4 PER CENT RESPECTIVELY IN THE FIRST QUARTER OF 1989.

AFTER ADJUSTMENT

FOR

VARIATIONS

IN THE CENT AND

IN

PAYROLL TOTAL MONTHLY ARISING FROM CHANGES IN THE OUTLAYS IN MARCH 1988 AND MARCH 1989, LEVEL OF EMPLOYMENT, A NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IS PRICE CHANGES, THE NOMINAL OBTAINED. TO ALLOW FOR THE EFFECTS OF

TO GIVE THE REAL INDEX IS DEFLATED BY THE CONSUMER PRICE INDEX (A) INDEX OF PAYROLL PER PERSON ENGAGED. THESE TWO INDICES FOR MARCH AND MARCH 1989 ARE GIVEN IN THE TABLES BELOW:

1988

/NOMINAL INDEX