XN000022-1990-01-15 — Page 18

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MONDAY, JANUARY 15, 1990

ALSO AVAILABLE FROM THE SURVEY ARE STATISTICS ON MONTHLY PAYROLL OUTLAYS IN THE MANUFACTURING SECTOR; THE WHOLESALE AND RETAIL,

IMPORT AND EXPORT TRADES AND RESTAURANTS AND HOTELS SECTOR; AND THE FINANCING, INSURANCE, REAL ESTATE AND BUSINESS SERVICES SECTOR.

QUARTERLY TOTALS FOR EACH OF THESE SECTORS ARE SHOWN IN FOLLOWING TABLE:

THE

TOTAL QUARTERLY PAYROLL IN

* CHANGE*

SELECTED MAJOR SECTORS OF THE ECONOMY

3RD QTR. 1988

3RD QTR. 1989

3RD QTR. 1989

ON

3RD QTR. 1988

HK$ MN

HK$ MN

10,137

11,125

+ 9.7

MANUFACTURING

WHOLESALE AND

RETAIL, IMPORT

AND EXPORT

TRADES AND

RESTAURANTS

AND HOTELS

FINANCING,

INSURANCE,

REAL ESTATE

AND BUSINESS

SERVICES

8,184

10,446

+27.6

4,435

5,698

BASED ON UNROUNDED PAYROLL FIGURES.

+28.5

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS IN THE ABOVE THREE SECTORS INCREASED BY 9.7 PER CENT, 27.6 PER CENT AND 28.5 PER CENT RESPECTIVELY IN THE THIRD QUARTER OF 1989.

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN SEPTEMBER 1988 AND SEPTEMBER 1989, ARISING FROM CHANGES IN THE LEVEL OF EMPLOYMENT, A NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED IS OBTAINED.

TO ALLOW FOR THE EFFECTS OF PRICE CHANGES, THE NOMINAL INDEX 18 DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED.

THESE TWO INDICES FOR SEPTEMBER 1988 AND SEPTEMBER 1989 ARE GIVEN IN THE TABLES BELOW:

/NOMINAL INDEX