-
A decrease of 5.1% was registered in the output of the industry group of electrical and electronic products, machinery, professional equipment and optical goods. Within this group, the output of machinery, equipment, apparatus, parts and components increased marginally, by 0.1%, whereas the output of consumer electrical and electronic products decreased by 11.0%.
Decreases in output were also recorded in the paper products and printing industry (-1.9%) and the food, beverages and tobacco industry (-1.0%).
On the other hand, output of the chemical, rubber, plastic and non-metallic mineral products industry increased slightly, by 0.1%. Within this group, output of plastic products decreased by 3.9%.
The index of industrial production for the fourth quarter of 1996 decreased by 3.0% over the same quarter of 1995, and by 0.9% over the third quarter of 1996.
The index of industrial production reflects changes of local manufacturing output in real terms. In other words, it measures the volume of local production after discounting the effect of price changes.
More detailed information can be obtained from the "Quarterly Index of Industrial Production, 4th Quarter 1996" report, which is on sale at $11 a copy at the Government Publications Sales Centre, Low Block, G/F., Queensway Government Offices, 66 Queensway, Hong Kong, or at the Census and Statistics Department Publications Unit, 19/F., Wanchai Tower, 12 Harbour Road, Wan Chai. Regular subscription may also be arranged.
Enquiries about the survey result may be directed to the General Economic Surveys Section of the Census and Statistics Department at telephone 2805 6643.
No comments yet.
Private notes are available after approval.