XN000022-1989-11-25 — Page 3

SATURDAY, NOVEMBER 25, 1989

COMMENTING ON THESE FIGURES.

A GOVERNMENT SECRETARIAT

SPOKESMAN SAID THAT THE PERFORMANCE OF DOMESTIC EXPORTS HAD REMAINED MODEST SINCE MAY.

THE YEAR-ON-YEAR

OF

DOMESTIC CENT IN OCTOBER.

GROWTH RATES IN VALUE TERMS EXPORTS IN RECENT MONTHS WERK: 4.8 PER CENT IN JULY. 2.7 TER AUGUST. 2.2 PFR CENT IN SEPTEMBER, AND 3.9 PER CENT IN AFTER DISCOUNTING A CORRESPONDING PRICE INCREASE OF AROUND 3 PER CENT, THERE WAS GENERALLY LITTLE GROWTH IN REAL TERMS.

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ON THE OTHER HAND. EVEN AMIDST SOME DECELERATION IN RECENT MONTH THE GROWTH RATE OF RE-EXPORTS WAS STILL SIGNIFICANT. RE-EXPORTS OF CHINA ORIGIN. IN PARTICULAR. HAD PROBABLY CONTINUED TO SHOW STRONG GROWTH.

THE SPOKESMAN ADDED THAT. ON A YEAR-ON-YEAR COMPARISON, THE VALUE OF RETAINED IMPORTS HAD BEEN ON A SIGNIFICANT DECLINE FOR SEVERAL MONTHS. THIS SUGGESTED THAT DOMESTIC DEMAND WAS CONTINUING ΤΟ SLACKEN.

/TRADE FIGURES