XN000022-1994-06-08 — Page 6

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WEDNESDAY, JUNE 8, 1994

"SUCCESSFUL EMPLOYERS INDIVIDUALLY," THE SPOKESMAN SAID.

WILL

BR

NOTIFIED

IN

WRITING

"UNSUCCESSFUL APPLICATIONS IN THE BALLOT EXERCISE WILL CONTINUE TO REMAIN ELIGIBLE FOR SUBSEQUENT EXERCISES TO BR HELD IN SEPTEMBER 1994, DECEMBER 1994 AND MARCH 1995. EMPLOYERS SHOULD NOT SUBMIT DOUBLE APPLICATIONS FOR THE SAME VACANCY, OVERBIDDING RESULT IN REFUSAL OF THE APPLICATIONS, HE ADDED.

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FOR ENQUIRIES, EMPLOYERS MAY TELEPHONE 824 6111.

0

WILL

1992 SURVEY OF BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS

THE GROSS OUTPUT PERFORMED BY CONSTRUCTION ESTABLISHMENTS DURING 1992 AMOUNTED TO $123.3 BILLION, REPRESENTING AN INCREASE OF 10% OVER 1991.

THIS COMPRISED A GROSS VALUE OF $120.5 BILLION FOR THE CONSTRUCTION WORK PERFORMED AND AN INCOME OF $2.8 BILLION FROM OTHER SOURCES.

NET OF TOTAL OPERATING EXPENDITURE, THE GROSS OPERATING SURPLUS AMOUNTED ΤΟ 6.0 % OF THE GROSS OUTPUT IN 1992. THIS WAS 0.4 PERCENTAGE POINT LOWER THAN THE CORRESPONDING FIGURE OF 6.4% FOR 1991.

THESE ARE SOME OF THE MAJOR FINDINGS OF THE BUILDING, CONSTRUCTION AND REAL ESTATE SECTORS, (WEDNESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT. CONDUCTED FROM APRIL 1993 TO EARLY 1994.

1992 SURVEY OF RELEASED TODAY THE SURVEY WAS

PRICE TERMS. NOT BREN TAKEN IN

ALL VALUE FIGURES HERE ARE EXPRESSED IN CURRENT THE PERCENTAGE CHANGES DERIVED FROM THESE FIGURES HAVE ADJUSTED FOR PRICE INCREASES. CAUTION SHOULD THEREFORE BE INTERPRETING THE SURVEY RESULTS.

IN TERMS OF PERCENTAGE OF GROSS OUTPUT, THR OPERATING EXPENDITURE INCURRED BY CONSTRUCTION ESTABLISHMENTS AMOUNTED TO 94% IN

1992.

THIS COMPRISED 24.3% FOR COMPENSATION OF EMPLOYERS AND PAYMENTS TO LABOUR-ONLY SUB-CONTRACTORS; 23.2% FOR CONSUMPTION OF MATERIALS, SUPPLIES, AND MAINTENANCE SERVICES; 39.7% FOR PAYMENTS FOR FER SUB- CONTRACT WORK; AND 6.8% FOR OTHER MISCELLANEOUS OPERATING EXPENSES.

COMPARED WITH 1991, THESE PERCENTAGES REMAINED GENERALLY UNCHANGED EXCEPT THAT THE PERCENTAGE OF PAYMENTS FOR FER SUB-CONTRACT WORK INCREASED BY 1.8 PERCENTAGE POINTS AND THAT FOR CONSUMPTION OF MATERIALS AND SUPPLIES DECREASED BY THE SAME AMOUNT.

OF

AN

THE VALUE ADDED OF THESE ESTABLISHMENTS, WHICH IS A MEASURE THE CONSTRUCTION INDUSTRY'S CONTRIBUTION TO HONG KONG'S GROSS DOMESTIC PRODUCT, AMOUNTED TO $37.4 BILLION IN 1992. THIS REPRESENTED INCREASE OF 8.1% OVER 1991.

/THE VALUE