FC040/1616
Prices of output
6.5
·
The prices of manufacturing output, as indicated by the unit value index of domestic exports, also rose at
(5) an increasingly rapid rate
While the unit value
index of domestic exports in the third quarter of 1983 was
10% higher than in the same quarter last year, the year-on-year rate of increase in the second quarter was 6% and in the first quarter was 4%. The rise in the import prices of raw materials and semi-manufactures, which was at least in part due to the depreciation of the Hong Kong dollar, was a contributory factor. The sharp depreciation
of the Hong Kong dollar, particularly against the US
dollar, during the third quarter also accelerated
recent rise in the domestic export unit value index
because many export orders, even if they are not from the
United States, are denominated in US dollars.
6.
6
the
As regards property prices and rentals, the general impression is that prices and rentals of large domestic units eased further in the third quarter. But for domestic units in locations where demand is in better
balance with supply, rentals appeared to show greater stability (paragraph 5.6).
/ Consumer
(5) The year-on-year rates of increase in the unit value index of
domestic exports (%):
Year-on-year rates of increase
Note : (*)
1982
1983
01
Q2
2222 223
Q3*
10
8
52
4
6
10
Estimated by using trade indexes available up to August 1983.
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