XN000022-1996-08-05 — Page 5

Daily Information Bulletin 新聞公報 All

Free copies will be distributed to public libraries, tertiary education institutions, voluntary agencies and educational bodies in Hong Kong. They will also be offered to primary and secondary schools at the beginning of the new academic year, the spokesman said.

Meanwhile, a bilingual guidebook on the Basic Law for youngsters - An ABC Guide to the Basic Law - will be released in September, the spokesman said.

End

Gross domestic product for first quarter of 1996

According to the preliminary estimates released today (Monday) by the Census and Statistics Department, Hong Kong's gross domestic product (GDP) grew by 3.1% in real terms in the first quarter of 1996 over the same quarter in 1995.

Amongst the major GDP components, re-exports registered a moderate growth of 7.5% in real terms in the first quarter of 1996 over a year earlier.

On the other hand, domestic exports decreased by 7.4% in real terms over the same period. However, these should be viewed against a particularly high base of comparison in the same quarter last year, when re-exports grew by 19.2% and domestic exports by 10.8%.

Exports of services continued to be supported by strong growth in tourism and offshore trading activities. An increase of 14.4% in real terms was recorded in the first quarter of 1996 over a year earlier.

Imports of goods and services increased by 5.2% and 7.6% respectively in real terms in the first quarter of 1996 over a year earlier.

Consumer spending showed some signs of improvement compared with earlier quarters. Private consumption expenditure grew by 3.5% in real terms in the first quarter over a year earlier. Analysed by major component, spendings on food, consumer goods and services all rose, by 4.6%, 2.5% and 5.1% respectively in real

terms.

On investment spending, gross domestic fixed capital formation recorded an increase of 9.9% in real terms in the first quarter of 1996. Within this component, construction output in the public sector rose by 12.6%.

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