TNAG-1483-FCO40-2037-Economic-situation-in-Hong-Kong-1986 — Page 28

Growth rates of domestic exports (%)

Year-on-year

comparison

In money

terms

In real

terms

Increase in prices

1985/1984

-6

-5

0

1985/1984 Hì

- 4

-6

2

H2

-8

-5

-3

Q1

3

-1

4

Q2

-9

-10

1

Q3

- 12

-10

-2

Q4

-3

1

- 4

1986/1985 Hl

8

8

0

Q1

1

1

02

15

14

Q3

25

23*

012

2

Note: (*)

Estimated using trade indices available up to August 1986.

Domestic exports to major markets

2.2

Domestic exports to all major markets grew rapidly in the third quarter of 1986 compared with the same quarter

last year.

A contributory factor was the improved demand for

imports in many of these

these countries. Another contributory factor was the depreciation of the Hong Kong dollar, in line

with the depreciation of the US dollar under the linked

6

/exchange