5.3
Although a direct measure of productivity change is
currently not available, there were signs of an improvement
in labour productivity (expressed as output per person employed), in line with the revival in manufacturing activity. Comparing the second quarter of 1986 with the same
quarter last year, labour productivity, as measured by the
ratio of the industrial production index to the corresponding
employment index, increased by about 14%. This was due in part to additional overtime work.
Property
5.4
The supply of new private sector property, in terms
of the total usable floor area of all buildings completed,
amounted to 550 000 square metres in the third quarter of
1986, representing a decrease of 20%
period last year.
decrease was 22%.
compared with the same
For the first nine months as a whole, the
The decrease in this nine-month period was
more substantial for residential property than for commercial and industrial property, as the following table shows :
Usable floor area of buildings completed ('000 sq.m.)
Third quarter
Third quarter
Jan-
Jan-
Sept
Sept
응
1985
1986
change
1985
1986
change
Residential
328 (9 431)
281 (6 923)
-14 (-27)
1 114
803
-28
(36 544)
(23 329)
(-36)
Commercial
94
40
-58
364
305
-16
Industrial
147
180
22
660
541
-18
Others
115
49
-57
143
140
-2
Total
685
550
-20
2 281
1 789
-22
Note
い
figures in brackets units.
brackets represent number of
Source: Buildings Ordinance Office
43
/5.5
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