XN000022-1992-11-13 — Page 8

7

DETERIORATION

A DESPITE

IN

THE FAIRLY

HOTEL OPERATORS GENERALLY CLAIMED A GENERAL BUSINESS SITUATION IN THE THIRD QUARTER, STABLE HOTEL OCCUPANCY RATE.

NEVERTHELESS,

IS EXPECTED QUARTER WHICH IS USUALLY A HIGH SEASON FOR TOURISM.

SOME IMPROVEMENT

FOR

THE FOURTH

NOREOVER, THE EASING OFF OF THE PROBLEMS OF HIGH STAFF TURNOVER AND SHORTAGE OF STAFF IS ALSO A CONTRIBUTING FACTOR.

BUSINESS THE GENERAL

SITUATION

THE FOR

BANKING REMAINED FAIRLY THE SAME AS IT WAS IN THE PREVIOUS QUARTER, SAME SITUATION IS EXPECTED IN THE FOLLOWING QUARTER.

INDUSTRY AND THE

ANOTHER PRICE COMPETITION EMERGED AS THE TOP BUSINESS PROBLEM.

IN THE FLUCTUATIONS REPORTED BY THE BANKS WAS THE RECENT PROBLEM

BANKS EXCHANGE RATES OF CERTAIN MAJOR EUROPEAN CURRENCIES, THOUGH THE

THE FOLLOWING GENERALLY EXPECT THIS PROBLEM TO EASE OFF SOMEWHAT IN QUARTER.

1,000

ACCORDING TO THE CENSUS AND STATISTICS DEPARTMENT, ABOUT FIRMS FROM VARIOUS INDUSTRIES AND TRADES, FORMING A CROSS-SECTION THE BUSINESS COMMUNITY, PARTICIPATED IN THE SURVEY.

OF

THEY WERE ASKED ABOUT THEIR BUSINESS EXPERIENCES EXPECTATIONS AS WELL AS THE BUSINESS PROBLEMS THEY FACED.

AND

THE RESULTS OF THE QUARTERLY BUSINESS SURVEY, OBTAINED WITH A MINIMUM TIME LAG, ARE INTENDED TO PROVIDE REFERENCE FOR MAKING A QUICK

FROM KONG ASSESSMENT OF THE CURRENT ECONOMIC SITUATION OF HONG SHORT-TERM PERSPECTIVE.

A

IN THE

SURVEY,

WHETHER, LEVEL

IN

ASKED PARTICIPATING FIRMS WERE IN THEIR OPINION, THE GENERA1, BUSINESS SITUATION OF CAPACITY UTILISATION HAD 'IMPROVED', 'REMAINED THE SAME’ 'DETERIORATED'

THE THIRD QUARTER OF 1992 AS PRECEDING QUARTER.

ΤΟ

INDICATE AND THE OR

COMPARED

WITH

THE

THEY WERE ALSO EXPECTED TO 'IMPROVE', FOURTH QUARTER OF 1992.

ASKED TO INDICATE WHETHER

'REMAIN THE SAME' OR

THE 'DETERIORATE'

SITUATION

IS IN THE

THE OPINIONS OF RESPONDENTS WERE THEN ANALYSED AND THE FINDINGS PUBLISHED IN THE "REPORT ON QUARTERLY BUSINESS SURVEY, QUARTER 1992".

SUMMARY THIRD

MOREOVER, THE SURVEY REPORT CONTAINS A SECTION ON THE PROBLEMS EXPERIENCED AND EXPECTED BY FIRMS IN THE DIFFERENT

BY EMPLOYMENT SECTORS,

A BREAKDOWN OF THE VIEWS OF FIRMS AND GROUP.

BUSINESS ECONOMIC SIZE

то

OF

THIS NATURE, THE DEPARTMENT POINTED OUT THAT IN A SURVEY OF THE RESULTS SHOULD BE INTERPRETED WITH CAUTION AS IT WAS DIFFICULT ESTABLISH PRECISELY THE EXTENT TO WHICH RESPONDENTS' RECOLLECTION THE PAST AND PERCEPTION OF THE FUTURE ACCORDED WITH TRENDS.

THE UNDERLYING

/MEMBERS OF