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Lately, there are signs that the increase in import prices has been moderating, along with the recent rebound in the US dollar and slower increases in world commodity and product prices.
Inflationary pressures from domestic sources have also been generally easing, in the light of a relatively more abundant labour supply and the softening in property rentals.
These are conducive to stability and possibly improvement in the inflation situation in the months ahead.
Copies of the Third Quarter Economic Report 1995, at $48 each, are now on sale at the Government Publications Centre on ground floor, Lower Block, Queensway Government Offices, 66 Queensway, Hong Kong.
Forecast
for 1995
Current update
as released
on 25.8.95
as released on 24.11.95
(%)
(%)
Growth rate in real terms:
Private Consumption Expenditure
3.5
1.5
Government Consumption Expenditure
4.5
4
Gross Domestic Fixed Capital Formation
Transfer costs of land and buildings
10.9
11.0
-15
-30
Building and construction
8.9
5.0
Private sector
1.5
-5
Public sector
20
20
Real estate developers' margin
1.5
-2
Machinery and equipment
18.1
23.8
Private sector
16
22
Public sector
80
80
Total Exports of Goods
13.9
13.6
Domestic exports
Re-exports
Imports of Goods Exports of Services Imports of Services
5
3.5
16
16
13.7
14.9
11
13
9
9
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