XN000022-1990-07-14 — Page 6

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SATURDAY, JULY 14, 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 THE FOLLOWING TABLE :

SELECTED MAJOR

SECTORS OF THE

ECONOMY

MANUFACTURING

WHOLESALE AND

RETAIL, IMPORT

AND EXPORT TRADES

AND RESTAURANTS

AND HOTELS

FINANCING,

INSURANCE,

REAL ESTATE

AND BUSINESS

SERVICES

TOTAL QUARTERLY PAYROLL IN

1ST QTR. 1989

1ST QTR.

1990

HK$ MN

% CHANGE* 1ST QTR. 1990

ON

1ST QTR. 1989

HK$ MN

11,712

12,63

11,071

14,088

+ 7.8

+27.2

5,970

7,358

+23.2

BASED ON UNROUNDED PAYROLL FIGURES

IN

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS THE ABOVE THREE SECTORS INCREASED BY 7.8 PER CENT, 27.2 PER CENT AND 23.2 PER CENT RESPECTIVELY IN THE FIRST QUARTER OF 1990.

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN MARCH 1989 AND MARCH 1990, 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 IS DEFLATED BY THE CONSUMER PRICE INDEX (A) TO GIVE THE REAL INDEX OF PAYROLL PER PERSON ENGAGED. THESE TWO INDICES FOR MARCH MARCH 1990 ARE GIVEN IN THE TABLES BELOW:

1989 AND

/NOMINAL INDEX