SECRET CONFIDENTAL
ECONOMIC INDICATORS
9. MOST ECONOMIC INDICATORS CONTINUE FAVOURABLE. THE EXPORT SECTOR HAS CONTINUED TO GROW, AND THE UNEMPLOYMENT AND UNDEREMPLOYMENT RATES ARE WELL BELOW THE PEAKS RECORDED IN EARLY 1983. THE EXPORT RECOVERY HAS CREATED MORE JOBS AND HIGHER REAL WAGES IN MANUFACTURING INDUSTRIES. THERE ARE SOME INDICATIONS THAT INVESTMENT IN PLANT AND MACHINERY MAY HAVE PICKED UP IN RECENT MONTHS. BUT THERE ARE STILL PROBLEM AREAS, NOTABLY THE BUILDING AND CONSTRUCTION INDUSTRY, WHERE EMPLOYMENT AND REAL WAGES CONTINUE TO FALL. DEMAND FOR PRIVATE RESIDENTIAL PROPERTY IS STILL WEAK.
GENERAL
10. WE SHALL SEND YOU A FURTHER TELEGRAM ON ABOUT 21 JUNE. GRATEFUL
TO KNOW WHETHER THIS FORMAT MEETS YOUR REQUIREMENTS.
YOUDE
·FUTURE OF HONG KONG
טבעות הד
COPIES TO:
BUCKINGHAM PALACE PS/LORD PRESIDENT
THE COUNCIL
COUNO
PS/HOME SECRETARY
D/PLANNING STAFF
/PUSD
D/5D/PUSD
PES B. (ME WALKER)
LEGAL ADVISER (MR FREELAND). PS
PS/LADY YOUNG
PS/E LUCE
PS/FUS
SER J BULLARD
W HARDING
(R) WILBON
W RIGT
SEE C TICKETT
3
PS/CHANCELLOR OF THE EXCIDQUER
PS/LOED PRIVY SEAL
PS/SECRETARY FOR TRADE & INDUSTRY
COPIES TO: (VIA ADR)
MR ROBERTS IETS D
MR BURROWS LEGAL IDYS
MR COLES NO 10 DOWNING ST
ME MARTIN ASSESSMENT STAFF CABINET OFFICE
YR GOODALL
CABINET OFFICE
MR BEMNAN CABINET OFFICE PS/S OF S FOR DEFENCE D PS/ATTORNEY GENERAL-
BIR P CRADOCK 2 K195
SECRET CONFIDENTIAL
P CRADOCK NO 10 DOWNING STRIK H.K.GO. LONDEN.
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