XN000022-1992-06-30 — Page 9

TUESDAY, JUNE 30, 1992

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1990 INDUSTRIAL PRODUCTION STATISTICS RELEASED

WAS

THE GROSS OUTPUT OF THE LOCAL MANUFACTURING INDUSTRY IN 1990 ESTIMATED TO BE $322.2 BILLION, REPRESENTING A DECREASE OF 1% IN MONEY TERMS OVER THE PRECEDING YEAR.

THIS WAS INDICATED IN SUMMARY STATISTICS COMPILED BY THE CENSUS AND STATISTICS DEPARTMENT FROM THE 1990 ANNUAL SURVEY OF INDUSTRIAL PRODUCTION.

THE INDUSTRY'S VALUE ADDED, WHICH IS A MEASURE OF INDUSTRY'S CONTRIBUTION TO THE TOTAL GROSS DOMESTIC PRODUCT, NEVERTHELESS GREW BY 3% FROM $89.6 BILLION IN 1989 TO $92.2 BILLION IN 1990.

MANUFACTURING

THE SURVEY FINDINGS INDICATED THAT ABOUT 51, 800 ESTABLISHMENTS HAD BEEN IN OPERATION DURING 1990. THEY ENGAGED SOME

762,600 WORKERS.

EXPENDITURE OF THE

MANUFACTURING INDUSTRY IN 1990 INCLUDED $201.3 BILLION ON CONSUMPTION OF MATERIALS, SUPPLIES AND INDUSTRIAL WORK/SERVICES. $54.5 BILLION ON COMPENSATION FOR EMPLOYEES, AND $33.4 BILLION ON OTHER EXPENSES.

CONSUMPTION OF

MATERIALS,

SUPPLIES

AND

INDUSTRIAL WORK/SERVICES RECORDED A DECREASE OF 4% IN MONEY TERMS WHEN COMPARED WITH 1989, WHILE COMPENSATION FOR EMPLOYEES AND OTHER EXPENSES SHOWED INCREASES OF 3% AND 6% RESPECTIVELY,

GROSS SURPLUS OF THE LOCAL MANUFACTURERS WAS ESTIMATED TO $33 BILLION, REPRESENTING AN INCREASE OF 4% IN MONEY TERMS OVER 1989.

BE

ANALYSING GROSS OUTPUT BY COMPONENTS, CONSUMPTION OF MATERIALS, SUPPLIES AND INDUSTRIAL WORK/SERVICES TOOK UP THE LARGEST SHARE, ABOUT 62%; COMPENSATION FOR EMPLOYEES CAME SECOND, ABOUT 17%; OTHER EXPENSES AND GROSS SURPLUS EACH ACCOUNTED FOR 10%.

WERE

IN 1990, THE PER CAPITA GROSS OUTPUT AND VALUE ADDED $422,000 AND $121,000 RESPECTIVELY, ABOUT 8% AND 12% HIGHER THAN THE PREVIOUS YEAR.

DISTRICTS WITH HIGH CONCENTRATION OF FACTORIES INCLUDED KWAI TSING, KWUN TONG, SHAM SHUI PO, TSUEN WAN AND KOWLOON CITY.

THEY TOGETHER ACCOUNTED FOR 64% AND 62% RESPECTIVELY OF THE TOTAL GROSS OUTPUT AND VALUE ADDED OF THE ENTIRE MANUFACTURING INDUSTRY.

RANKED ACCORDING TO VALUE ADDED, THE FIVE LARGEST BROAD INDUSTRY GROUPS WERE THE BASIC METALS, FABRICATED METAL PRODUCTS, MACHINERY AND EQUIPMENT INDUSTRY (ACCOUNTING FOR 21% OF THE TOTAL VALUE ADDED OF THE MANUFACTURING INDUSTRY), THE WEARING APPAREL INDUSTRY (21%), THE TEXTILES INDUSTRY (15%), THE ELECTRICAL AND ELECTRONIC PRODUCTS INDUSTRY (12%), AND THE PAPER PRODUCTS, PRINTING AND PUBLISHING INDUSTRY (10%).

/THEY TOGETHER