XN000022-1992-08-03 — Page 3

2

MONDAY, AUGUST 3, 1992

SIMILARLY, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED IN COMMERCIAL BUILDING PROJECTS IN THE FIRST QUARTER OF 1992, WHICH TOTALLED $2.3 BILLION, WAS LOWER BY 14.1% THAN IN THE PRECEDING QUARTER.

COMPARED WITH THE SAME QUARTER LAST YEAR, THE VALUE OF WORK, HOWEVER, INCREASED BY 9.3%. COMMERCIAL BUILDING PROJECTS CONTINUED TO FORM THE SECOND LARGEST CATEGORY OF CONSTRUCTION SITE WORK.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED IN TRANSPORT PROJECTS IN THE FIRST QUARTER OF 1992 WAS $1.4 BILLION.

THAN

THIS WAS 1.9% HIGHER THAN THE PRECEDING QUARTER BUT 6.8% LOWER A YEAR AGO. TRANSPORT PROJECTS STILL CONSTITUTED THE THIRD LARGEST CATEGORY OF CONSTRUCTION SITE WORK.

STANDARD

AS FROM THE FIRST QUARTER OF 1992, THE INTERNATIONAL INDUSTRIAL CLASSIFICATION SYSTEM WAS REPLACED BY THE HONG KONG STANDARD INDUSTRIAL CLASSIFICATION SYSTEM FOR CLASSIFYING ACTIVITIES COVERED BY THE SURVEY.

ECONOMIC

THE FIGURES FOR THE PRECEDING QUARTERS HAVE BEEN REVISED TO FACILITATE COMPARISON. A NEW SAMPLE SERIES HAD ALSO BEEN SELECTED FOR USE IN THIS AND SUBSEQUENT ROUNDS.

OWING ΤΟ THE WIDESPREAD SUB-CONTRACTING PRACTICES IN THE CONSTRUCTION INDUSTRY, A CONSTRUCTION ESTABLISHMENT CAN BE A MAIN CONTRACTOR FOR ONE CONTRACT AND A SUB-CONTRACTOR FOR ANOTHER CONTRACT AT THE SAME TIME.

THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY MAIN CONTRACTORS, INCLUDING BOTH GENERAL AND SPECIAL TRADE CONTRACTORS, COVERS ONLY THOSE PROJECTS IN WHICH THE CONSTRUCTION ESTABLISHMENT TAKES THE ROLE OF A MAIN CONTRACTOR, BUT NOT PROJECTS IN WHICH IT TAKES ONLY THE ROLE OF A SUB-CONTRACTOR.

HOWEVER, SUB-CONTRACTORS' CONTRIBUTION TO PROJECTS SHOULD HAVE BEEN INCLUDED IN THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THE MAIN CONTRACTORS FOR WHOM THEY WORKED.

MORE DETAILED STATISTICS ON CONSTRUCTION OUTPUT ARE GIVEN IN THE "REPORT ON THE QUARTERLY SURVEY OF CONSTRUCTION OUTPUT, 1ST QUARTER 1992".

THE REPORT IS NOW ON SALE AT $4 A COPY AT THE GOVERNMENT PUBLICATIONS SALES CENTRE, GROUND FLOOR, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, OR AT THE CENSUS AND STATISTICS DEPARTMENT PUBLICATIONS SALES COUNTER, WANCHAI TOWER 1, 19TH FLOOR, 12 HARBOUR ROAD, WAN CHAI. REGULAR SUBSCRIPTION MAY ALSO BE ARRANGED.

ENQUIRIES ABOUT THE SURVEY MAY BE DIRECTED TO THE BUILDING, CONSTRUCTION, REAL ESTATE STATISTICS SECTION OF THE STATISTICS DEPARTMENT ON TEL 839 3265.

CENSUS

AND

0

/3