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Compared with the first quarter of 1996, business receipts in many industries recorded increases of various magnitudes. Among them, business receipts in the storage and communications industries registered the most rapid growth, by 12% and 9% respectively.
The transport, import/export, banking, insurance and hotels industries also recorded growth, ranging from 1% to 5% in value terms. Such quarter-to-quarter comparisons are however subject to seasonal fluctuation.
On the other hand, business receipts in the financing (except banking) industry declined by 13%. This was mainly due to a decrease in stock market turnover in the second quarter of 1996.
Table 1 presents provisional business receipts indices for service industries for the second quarter of 1996 and revised indices for the first quarter of 1996, with the quarterly average of business receipts in 1992 taken as 100.
Also tabulated are comparisons of the results of the second quarter of 1996 with those of the first quarter of 1996 and the second quarter of 1995.
Table 2 shows the time series of quarterly business receipts indices. Annual indices are also included.
Statistics on banking are obtained from the Hong Kong Monetary Authority; and those on retail and restaurants businesses are obtained from two existing surveys regularly conducted by the Census and Statistics Department.
The report "Quarterly Business Receipts Indices for Service Industries, Second Quarter 1996" is now on sale at $8 per copy at the Government Publications Centre of the Information Services Department, Queensway Government Offices, Low Block, ground floor, 66 Queensway, Hong Kong.
It can also be purchased from the Publications Unit of the Census and Statistics Department, 19th floor, Wanchai Tower, 12 Harbour Road, Wan Chai, Hong Kong.
Enquiries about the survey results may be directed to the Business Services Statistics Section of the Census and Statistics Department on 2894 8120.
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