TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 45

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

5.3

FC040/1616

From factory visits and contacts with local

industrialists, some qualitative assessment of the present

state of manufacturing industry can be made. First,

manufacturers in general remained confident and optimistic

about export prospects in the coming months. Second, the

pace of improvement appears to vary from industry to industry.

The performance of the largest sector, (3) textiles

and clothing, continued to improve. The boom in the electronics industry, particularly in computer and related products and telecommunication equipment,

benefitted other related industries such as plastics,

metal working, electrical machinery and appliances. Third, some manufacturers of plastic products, electronic products and electrical appliances reported continuing

difficulties in obtaining raw materials and component parts in the third quarter due to supply shortages as well

as the volatile exchange rate situation.

(3)

/ Property

According to the index of industrial production for the spinning and weaving industries, textile production in the second quarter of 1983 was 10% higher than in the same quarter last year.

Index of textile production

(1973 = 100)

Spinning

and weaving

Spinning

Weaving

1981 01

Q3

1982 Q1

1983 Q1

2222 2222 22

87

78

100

02

100

92

111

94

89

102

04

95

88

105

76

71

83

Q2

86

81

95

84

78

94

Q4

90

79

106

82

71

98

95

84

113

!

32

Page 45Page 46

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.