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WEDNESDAY, JUNE 16, 1993

1991 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS

THE GROSS OUTPUT PERFORMED BY CONSTRUCTION ESTABLISHMENTS DURING 1991 AMOUNTED TO $112.2 BILLION, REPRESENTING AN INCREASE OF 11% OVER 1990.

THIS COMPRISED A GROSS VALUE OF $109.9 BILLION FOR THE WORK PERFORMED AND AN INCOME OF $2.3 BILLION FROM OTHER

CONSTRUCTION SOURCES.

NET OF TOTAL OPERATING EXPENDITURE, THE OROSS OPERATING SURPLUS AMOUNTED TO 6.4% OF THE GROSS OUTPUT IN 1991. THIS WAS 1.1 PERCENTAGE POINTS HIGHER THAN THE CORRESPONDING FIGURE OF 5.3% IN 1990.

THE FIGURES ARE SOME OF THE MAJOR RESULTS OF THE 1991 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS, RELEASED TODAY (WEDNESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.

THE SURVEY WAS CONDUCTED FROM APRIL, 1992 TO EARLY 1993.

A SPOKESMAN

FOR THE DEPARTMENT

WERE EXPRESSED IN CURRENT PRICE TERMS.

BEEN

SAID ALL THE VALUE FIGURES

"THE PERCENTAGE CHANGES DERIVED FROM THESE FIGURES HAVE NOT ADJUSTED FOR PRICE INCREASES.

RESULTS,

"CAUTION SHOULD THEREFORE BE TAKEN IN INTERPRETING THE SURVEY

HE SAID.

IN TERMS OF PERCENTAGE OF GROSS OUTPUT, THE OPERATING EXPENDITURE INCURRED BY CONSTRUCTION ESTABLISHMENTS IN 1991 CONSISTED OF 24.4% OF COMPENSATION OF EMPLOYEES AND PAYMENTS TO LABOUR-ONLY SUB- CONTRACTORS; 25% OF CONSUMPTION OF MATERIALS, SUPPLIES, AND MAINTENANCE SERVICES; 37.9% OF PAYMENTS FOR FEE SUB-CONTRACT WORK; AND 6.3% OF OTHER MISCELLANEOUS OPERATING EXPENSES.

COMPARED WITH 1990, THESE PERCENTAGES REMAINED GENERALLY UNCHANGED EXCEPT THAT THE PERCENTAGE OF PAYMENTS FOR FEE SUB-CONTRACT WORK HAD DROPPED BY 2.4 PERCENTAGE POINTS.

OF

THE VALUE ADDED OF THESE ESTABLISHMENTS, WHICH IS A MEASURE THE CONSTRUCTION INDUSTRY'S CONTRIBUTION TO HONG KONG'S GROSS DOMESTIC PRODUCT, AMOUNTED TO $34.5 BILLION IN 1991. THIS REPRESENTED AN INCREASE OF 15.8% OVER 1990.

THE VALUE ADDED CONTENT OF THE GROSS OUTPUT PERFORMED BY THESE ESTABLISHMENTS AMOUNTED TO 30.8%. THIS COMPRISED A SHARE OF 24.4% OF COMPENSATION OF EMPLOYEES AND PAYMENTS TO LABOUR-ONLY SUB-CONTRACTORS;

6.4% OF GROSS OPERATING SURPLUS.

AND

COMPARED WITH 1990, THE FORMER SHARE WAS MAINTAINED AND THE LATTER INCREASED BY 1.1 PERCENTAGE POINTS.

THE SURVEY RESULTS ALSO SHOWED THAT 12,800 CONSTRUCTION ESTABLISHMENTS OPERATED IN 1991.

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