TUESDAY, MAY 14, 1991
REGARDING THE BUSINESS OUTLOOK FOR THE SECOND RESTAURANTS EXPECT A DETERIORATION IN BUSINESS WHILE HOTELS ANTICIPATE QUARTER, AN IMPROVEMENT. ON THE OTHER HAND, FIRMS IN THE WHOLESALE, RETAIL AND IMPORT/EXPORT TRADES EXPECT THEIR BUSINESS TO REMAIN STABLE IN THE
SECOND QUARTER.
STORAGE
IN THE OTHER SERVICES SECTOR, FIRMS IN THE TRANSPORT, AND COMMUNICATION SERVICES EXPERIENCED A DETERIORATION IN BUSINESS IN THE FIRST QUARTER, WHILE BANKS AND FIRMS IN THE REAL DEVELOPMENT AND RELATED SERVICES REPORTED A STABLE BUSINESS.
ESTATE
SECTOR QUARTER.
THIS
REGARDING THE SHORT-TERM BUSINESS PROSPECTS, FIRMS IN
GENERALLY EXPECT AN IMPROVEMENT IN BUSINESS IN THE SECOND
ABOUT 1,000 FIRMS FROM VARIOUS INDUSTRIES AND TRADES, FORMING A CROSS-SECTION OF THE BUSINESS COMMUNITY, PARTICIPATED IN THE SURVEY. THEY WERE ASKED ABOUT THEIR BUSINESS EXPERIENCES AND EXPECTATIONS WELL AS THE BUSINESS PROBLEMS THEY FACED.
AS
IN THE FIRST QUARTER OF 1991, FIRMS IN THE MANUFACTURING SECTOR GENERALLY ENCOUNTERED THE PROBLEMS OF INSUFFICIENT BUSINESS ORDERS CONTRACTS, SHORTAGE OF SKILLED LABOUR, HIGH MATERIAL PRICES, AND
OR
WAGE RATES.
THE PROBLEM OF INSUFFICIENT BUSINESS ORDERS OR CONTRACTS EXPECTED TO EASE OFF SOMEWHAT IN THE SECOND QUARTER.
HIGH
IS
SHORTAGE OF AND HIGH
WAGE PROBLEMS
IN THE CONSTRUCTION SECTOR, PRICE COMPETITION, SKILLED LABOUR, INSUFFICIENT BUSINESS OR CONTRACTS, RATES WERE THE MAJOR PROBLEMS IN THE FIRST QUARTER. THESE ARE EXPECTED TO SUSTAIN IN THE SECOND QUARTER.
SERVICES COMPETITION,
OTHER
IN THE DISTRIBUTIVE AND CATERING TRADES SECTOR AND THE
SECTOR, A SIGNIFICANT PROPORTION OF FIRMS CITED PRICE
SHORTAGE OF STAFF GENERALLY, HIGH STAFF COSTS, AND STAFF TURNOVER AS THEIR MAJOR BUSINESS PROBLEMS IN THE FIRST OF 1991.
HIGH
QUARTER
IN ADDITION, HOTELS AND RESTAURANTS ALSO ENCOUNTERED PROBLEM OF INSUFFICIENT BUSINESS. THESE PROBLEMS ARE EXPECTED CONTINUE IN THE SECOND QUARTER.
THE INTENDED
ACCORDING TO THE CENSUS AND STATISTICS DEPARTMENT, RESULTS QUARTERLY BUSINESS SURVEY, OBTAINED WITH A MINIMUM TIME LAG,
ΤΟ PROVIDE A SOURCE OF REFERENCE FOR MAKING A ASSESSMENT OF THE CURRENT ECONOMIC SITUATION OF HONG KONG SHORT-TERM PERSPECTIVE.
THE
TO
OF
ARE
QUICK FROM A
WHETHER,
OF
IN THE SURVEY, PARTICIPATING FIRMS WERE ASKED ΤΟ
IN THEIR OPINION, THE GENERAL BUSINESS SITUATION AND CAPACITY UTILISATION HAD "IMPROVED "REMAINED
↓
THE "DETERIORATED" TN THE FIRST QUARTER OF 1991 AS COMPARED WITH
INDICATE LEVEL
t
SAME" OR
THE
PRECEDING QUARTER,
/THEY WERE
+
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