Prices of output
6.5
FLO 40/1616
The rate of increase in the prices of manufacturing
output, as measured by the unit value index of domestic
exports, decelerated throughout 1982, but the declining
(4) trend
was reversed in the first quarter of 1983. Unit
value indexes of domestic exports available up to February
1983 show that there was no increase in domestic export prices
during the six months ending February 1983; the decline of
about 4% during the four months ending December 1982 was
offset by an increase of about 4% during the first two months
of 1983. Given that many export orders are denominated in US
dollars, the recent increase in the unit value index of
domestic exports was probably a reflection of the depreciation
in the exchange value of the Hong Kong dollar, particularly in
terms of the US dollar, during this period. It was also in
line
with the gradual rise in the import prices of raw
materials and semi-manufactures.
Consumer prices
6.6
of 1983
with the first
Comparing the first quarter of 1983 with
quarter of 1982, consumer prices, in terms of the Consumer
Price Index
Index (A), showed an increase of 9%.
(4)
During the first
/three
...
Year-on-year rates of increase in the unit value indexes of domestic exports (%):
Year-on-year
rates of increase
1982
Q1
Q2
Q3
Q4
1983
Q1*
10
8
∞ 524
Note: (*) Estimated by using trade indexes available up to February 1983.
40
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