XN000022-1995-06-29 — Page 17

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Provisional statistics of restaurant receipts and purchases for first quarter of 1995

The value of total receipts for the restaurant sector in the first quarter of 1995, estimated at $13.2 billion, increased by 2% when compared with the same quarter of 1994, according to the provisional statistics released today (Thursday) by the Census and Statistics Department.

After discounting the effect of price changes over the period, total receipts decreased by 5% in volume terms.

The value of total purchases of restaurants in the first quarter of 1995, estimated at $4.7 billion, was 2% higher than that in the same quarter of 1994.

Compared with a year ago, the total receipts of fast food shops increased by 14% in value and 7% in volume.

The total receipts of non-Chinese restaurants and bars recorded more moderate growth in both value and volume. In value terms, the increases were 11% and 10% respectively. In volume terms, the respective increases were 2% and 4%.

However, the total receipts of Chinese restaurants registered a decrease of 4% in value and 10% in volume terms.

Comparing with the preceding quarter, and bearing in mind that the comparison may be affected by seasonal factors, total restaurant receipts increased by 4% in value and 2% in volume.

Restaurant receipts in volume terms are derived from receipts in value terms after adjusting for price changes. The relevant components of the Consumer Price Index are used as deflators.

Table 1 presents the revised figures for the total receipts and total purchases of the restaurant sector for the fourth quarter of 1994 and the provisional figures for the first quarter of 1995.

Table 2 shows the value and volume indices of total receipts by type of restaurant for the fourth quarter of 1994 and the first quarter of 1995, with the quarterly average from October 1989 to September 1990 taken as 100. Also tabulated are comparisons of the results of the first quarter of 1995 with those of the fourth quarter of 1994 and the first quarter of 1994.