XN000022-1989-08-07 — Page 5

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MONDAY, AUGUST 7, 1989

THE

ESTIMATE FOR GROSS

MINOR REVISION HAS ALSO BEEN MADE TO DOMESTIC FIXED CAPITAL FORMATION AT CONSTANT PRICES.

REVISED PRODUCTION-BASED GDP ESTIMATES FOR 1987 (TABLE 2)

THE REVISED PROVISIONAL ESTIMATE OF

THE PRODUCTION-BASED GDP $348,940 MILLION (AT FACTOR COST), MILLION OR 0.7 PER CENT

AT CURRENT PRICES FOR 1987 IS WHICH HAS BEEN REVISED UPWARDS BY 82,261 COMPARED TO THE PROVISIONAL ESTIMATE PUBLISHED IN MARCH 1989.

BEEN MADE TO THE RELATIVELY MORE SIGNIFICANT REVISIONS HAVE

AND THE AND PERSONAL SERVICES ESTIMATES FOR THE COMMUNITY, SOCIAL

UPWARD ADJUSTMENTS OWNERSHIP OF PREMISES SECTORS IN WHICH RESPECTIVE OF $1,490 MILLION AND $1,309 MILLION HAVE BEEN MADE.

ESTIMATE FOR BEEN ADJUSTED THAT FOR THE 10.0 PER

IN TERMS OF PERCENTAGE CONTRIBUTIONS TO GDP. THE THE COMMUNITY, SOCIAL AND PERSONAL SERVICES SECTOR HAS AND 15.3 PER CENT. CENT TO UPWARDS FROM 14.9 PER OWNERSHIP OF PREMISES SECTOR HAS BEEN ADJUSTED UPWARDS FROM CENT TO 10.3 PER CENT.

CONCURRENTLY, DOWNWARD REVISIONS

IN PERCENTAGE CONTRIBUTIONS CENT TO GDP HAVE BEEN MADE IN THE MANUFACTURING SECTOR (FROM 22.1 PER

BUSINES9 TO 21.7 PER CENT), THE FINANCING, INSURANCE, REAL ESTATE AND

PER CENT TO 18.1

AND THE SERVICES SECTOR (FROM 18.4 PER

TRADES, RESTAURANTS AND HOTELS WHOLESALE, RETAIL AND IMPORT/EXPORT SECTOR (FROM 23.2 PER CENT TO 23.0 PER CENT).

CENT)

REVISIONS MADE TO THE

OTHER

ECONOMIC SECTORS ARE

GENERALLY

INSIGNIFICANT.

ECONOMIC

FOLLOWING SURVEYS

THE PRODUCTION-BASED GDP ESTIMATES HAVE BEEN REVISED

THE ANNUAL THE AVAILABILITY OF FINAL RESULTS FROM COVERING VARIOUS SECTORS.

THE SCHEDULE FOR PUBLISHING GDP ESTIMATES

THE ROUTINE PROCESS OF BECAUSE THE DATA

REVISIONS OF THIS NATURE ARE PART OF PRODUCING ESTIMATES OF THE GDP. THEY ARE NECESSARY USED IN COMPILING THE GDP ESTIMATES ARE AVAILABLE IN STAGES AND WITH SIGNIFICANT TIME LAGS.

OFTEN

ESTIMATES,

YEAR AT THE

TIME

WITH

AS A RESULT, THE COMPILATION OF THE PRELIMINARY GDP WHICH ARE PUBLISHED AROUND FEBRUARY/MARCH OF EACH OF THE BUDGET, INVOLVES USING PARTIAL DATA FOR THE PREVIOUS YEAR THE DATA GAPS BEING BRIDGED BY EXTRAPOLATION AND JUDGEMENT.

OVER THE

YEARS, TWO FOLLOWING

THE ACCORDINGLY,

INCREASINGLY ESTIMATES

COMPLETE OF THE GDP

DATA

ARE

BECOME AVAILABLE AND,

REVISED AT HALF-YEARLY INTERVALS.

FURTHER DETAILS CONCERNING THE REVISED

GDP ESTIMATES MAY BE STATISTICS

OBTAINED FROM THE NATIONAL INCOME BRANCH OF THE CENSUS AND DEPARTMENT ON TEL. 5-8235077.

/TABLE 1