XN000022-1990-10-17 — Page 31

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WEDNESDAY, OCTOBER 17, 1990

SELECTED MAJOR SECTORS OF THE ECONOMY

2ND QTR. 1989

2ND QTR. 1990

TOTAL QUARTERLY PAYROLL IN

* CHANGE*

2ND QTR. 1990

ON

2ND QTR. 1989

HK$ MN

HK$ MN

MANUFACTURING

10,647

11,398

WHOLESALE AND

10,012

12,680

+ 7.0

+26.7

RETAIL, IMPORT

AND EXPORT TRADES

AND RESTAURANTS

AND HOTELS

FINANCING,

INSURANCE,

REAL ESTATE

AND BUSINESS

SERVICES

5,561

6,881

+23.7

BASED ON UNROUNDED PAYROLL FIGURES

IN

COMPARED WITH THE SAME QUARTER A YEAR AGO, PAYROLL OUTLAYS THE ABOVE THREE SECTORS INCREASED BY 7.0 PER CENT, 26.7 PER CENT AND 23.

.7 PER CENT RESPECTIVELY IN THE SECOND QUARTER OF 1990.

AFTER ADJUSTMENT FOR VARIATIONS IN TOTAL MONTHLY PAYROLL OUTLAYS IN JUNE 1989 AND JUNE 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 JUNE 1989 AND JUNE 1990 ARE GIVEN IN THE TABLES BELOW:

NOMINAL INDEX OF PAYROLL PER PERSON ENGAGED

(JUNE 1980 = 100)

SELECTED MAJOR SECTORS OF THE

ECONOMY

JUN. 89

JUN.

90

X CHANGE

JUN. 90

ON JUN. 89

MANUFACTURING

309.2

359.6

+16.3

WHOLESALE AND

298.8

351.7

+17.7

RETAIL, IMPORT

AND EXPORT TRADES

AND RESTAURANTS

AND HOTELS

/FINANCING, INSURANCE