XN000022-1990-05-15 — Page 3

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TUESDAY, MAY 15, 1990

SHORTAGE IN THE CONSTRUCTION SECTOR, FIRMS HAD THE PROBLEMS OF

COMPETITION FROM LOCAL OF SKILLED LABOUR, HIGH WAGE RATES AND PRICE

IS EXPECTED FIRMS IN HONG KONG IN THE FIRST QUARTER. THIS SITUATION TO CONTINUE IN THE SECOND QUARTER.

FIRMS IN THE

OF A SIGNIFICANT PROPORTION

DISTRIBUTIVE CATERING TRADES SECTOR AND OTHER SERVICES SECTOR CITED SHORTAGE STAFF GENERALLY AND HIGH STAFF TURNOVER AS MAJOR BUSINESS PROBLEMS

PN

THE FIRST QUARTER.

PRICE COMPETITION WAS ALSO GENERALLY CITED AS A

THESE SECTORS EXCEPT BY FIRMS IN

FOR THOSE IN THE DEVELOPMENT AND RELATED SERVICES INDUSTRY.

AND

OF

IN

MAJOR PROBLEM ESTATE REAL

PROBLEMS OF IN ADDITION TO THE ABOVE PROBLEMS, HOTELS HAD THE

AND HIGH STAFF INSUFFICIENT BUSINESS

COSTS WHILE BANKS HAD THE PROBLEMS OF SHORTAGE OF EXPERIENCED STAFF AND HIGH STAFF COSTS.

THESE

QUARTER.

SITUATIONS

ARE EXPECTED TO CONTINUE

THE IN

SECOND

THE SURVEY

PROVIDE

A

CURRENT

ACCORDING TO THE CENSUS AND STATISTICS DEPARTMENT, RESULTS, OBTAINED WITH A MINIMUM TIME LAG, ARE INTENDED TO

A QUICK ASSESSMENT OF THE SOURCE OF REFERENCE FOR MAKING ECONOMIC SITUATION OF HONG KONG.

FIRST

IN THE SURVEY, PARTICIPATING FIRMS WERE ASKED то INDICATE SITUATION AND LEVEL WHETHER, IN THEIR OPINION, THE GENERAL BUSINESS OF CAPACITY UTILISATION HAD IMPROVED, REMAINED

OR THE SAME DETERIORATED IN THE

QUARTER OF 1990 AS

WITH COMPARED

THE

PRECEDING QUARTER.

INDICATE WHETHER THE SITUATION IS

OR DETERIORATE

THE IN

SECOND

ΤΟ THEY WERE ALSO ASKED EXPECTED TO IMPROVE, REMAIN THE SAME QUARTER OF 1990.

THE OPINIONS OF RESPONDENTS WERE TABULATED AND ANALYSED.

A REPORT CONTAINS

SECTION ON THE MOREOVER, THE SURVEY

BUSINESS

BY PROBLEMS EXPERIENCED AND EXPECTED

FIRMS IN DIFFERENT ECONOMIC SECTORS, AND A BREAKDOWN OF THE VIEWS OF FIRMS BY SIZE GROUP.

THE THE DEPARTMENT CAUTIONED. THAT, IN A SURVEY OF THIS NATURE,

CAUTION AS IT RESULTS SHOULD BE INTERPRETED WITH

IS DIFFICULT TO RECOLLECTION OF ESTABLISH PRECISELY THE EXTENT TO WHICH RESPONDENTS' THE PAST AND PERCEPTION OF THE FUTURE ACCORDS WITH THE UNDERLYING TRENDS.

THE SURVEY REPORT

OF COPIES

MAY BE OBTAINED FROM THE GOVERNMENT PUBLICATIONS CENTRE, GPO BUILDING, CONNAUGHT PLACE,

OF THE CENSUS AND CENTRAL, AND FROM THE PUBLICATIONS SALES COUNTER STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI, AT $5.50 PER COPY.

FURTHER DETAILS OF THE QUARTERLY BUSINESS SURVEY MAY BE OBTAINED FROM THE NATIONAL INCOME BRANCH OF THE CENSUS AND STATISTICS DEPARTMENT ON TEL. 823 4779.

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