TNAG-1242-FCO40-1555-Future-of-Hong-Kong-1983 — Page 172

4.

Footnotes

ULVIILI

- 7 -

•

Fr.

(1) Changes in retained imports of consumer goods may be

used as an indicator of changes in private consumption expenditure.

Quarterly growth rates in real terms of

retained imports of consumer goods

Year-on-year

comparison

"

(%)

10

1981

Annual

1982 Q1

-5

Q2

Q3

Q4

Annual

∞ 2 2

2

8

-7

1

1983 Q1

Q2(*)

(*) estimate

The economic recession in 1982 also had a lagged effect on consumer spending.

(2) See footnote (5) for investment in building and

construction and footnote (7) for investment in plant and machinery.

SECRET

/(3)