XN000022-1992-02-07 — Page 3

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FRIDAY, FEBRUARY 7,

1992

2

A

SUBSTANTIALLY BY 0.5%.

THE

REGARDING EXTERNAL TRADE IN GOODS, TOTAL EXPORTS REGISTERED GROWTH RATE OF 18.2%, AMONG WHICH RE-EXPORTS GREW 29.8% WHILE DOMESTIC EXPORTS DROPPED SLIGHTLY CORRESPONDING GROWTH RATE FOR IMPORTS OF GOODS WAS 21.5%.

REAL BY

AS WAS 4.9%. 6.9%.

REGARDS EXPORTS OF SERVICES, THE GROWTH RATE IN REAL

THE CORRESPONDING GROWTH RATE FOR IMPORTS OF SERVICES

TERMS WAS

IT SHOULD BE NOTED THAT GOODS FOR BOTH DOMESTIC CONSUMPTION AND RE-EXPORTS ARE LARGELY SUPPLIED FROM IMPORTS.

GROWTH RECORDED FOR THE INCREASE

GDP DUE TO THE FASTER IN DOMESTIC CONSUMPTION AND RE-EXPORTS IS THEREFORE LARGELY OFFSET BY THE CORRESPONDINGLY HIGH GROWTH RECORDED FOR IMPORTS.

AS A RESULT, OVERALL GDP RECORDS A SLOWER GROWTH COMPONENTS.

THAN THESE

1991, ESTIMATES

OF

BASED ON

INDIVIDUAL LATEST DATA

FOR THE SECOND QUARTER EXPENDITURE COMPONENTS OF GDP WERE UPDATED AVAILABLE FROM VARIOUS SOURCES.

THE

QUARTER

NEVERTHELESS, THE OVERALL GROWTH RATE FOR UNCHANGED AT 3.6% FROM THE PRELIMINARY ESTIMATES RELEASED IN 1991.

WAS

NOVEMBER

BASED ON THE LATEST ESTIMATES, GDP GREW BY 3.8% IN REAL IN THE FIRST THREE QUARTERS OF 1991 OVER THE SAME PERIOD OF 1990.

TERMS

BROAD MEASURE OF THE IMPLICIT PRICE DEFLATOR OF GDP, AS A OVERALL INFLATION IN THE ECONOMY, ROSE BY 9.8% IN THE THIRD QUARTER OF 1991 OVER THE SAME QUARTER OF 1990.

THE

IN

FROM THE

RATE OF INCREASE IN THE IMPLICIT PRICE DEFLATOR OF GDP SECOND QUARTER OF 1991 WAS REVISED UPWARDS TO 10.1 %, PRELIMINARY ESTIMATE OF 9.1 % RELEASED IN NOVEMBER, 1991.

THE

THE 1991,

IMPLICIT FOR THE FIRST THREE QUARTERS OF DEFLATOR OF GDP INCREASED BY 9.3% OVER THE SAME PERIOD OF 1990.

PRICE

THE LATEST ESTIMATES OF QUARTERLY GDP FROM THE FIRST QUARTER OF ENTITLED 1989 TO THE THIRD QUARTER OF 1991 ARE PUBLISHED IN A REPORT "QUARTERLY ESTIMATES OF GROSS DOMESTIC PRODUCT, THIRD QUARTER 1991".

THE GOVERNMENT OFFICE BUILDING,

THE REPORT IS NOW ON SALE AT $2.0 PER COPY AT PUBLICATIONS CENTRE,

GROUND FLOOR, GENERAL POST CONNAUGHT PLACE, CENTRAL; AND AT THE PUBLICATION SALES COUNTER OF CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI HARBOUR ROAD, WAN CHAI..

TOWER

THE

1.

12

ENQUIRIES MAY BE DIRECTED TO THE NATIONAL INCOME BRANCH OF CENSUS AND STATISTICS DEPARTMENT ON TEL. 582 5077.

THE

/GROSS DOMESTIC