TNAG-1942-FCO40-2768-Internal-economic-situation-in-Hong-Kong-1989 — Page 9

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

5

CPI(A), the fastest increases in prices were

recorded in transport, services, and foodstuffs

(including meals taken away from home which have

a large service content).

Judging from the

recent trends, the rate of consumer price

inflation appeared to be levelling off.

12.

The generally tight labour market

conditions continued in the third quarter, and

labour incomes increased further both in money

terms and in real terms. The seasonally

adjusted unemployment rate and the

underemployment rate remained low at 1.4% and

0.6% respectively during the quarter.

However,

the number of vacancies in June was smaller than

in both March this year and June last year.

13.

The property market has revived

somewhat since late July, although the degree of

recovery varied between sub-sectors.

Support

has re-emerged from end-users of residential

flats, particularly small to medium-sized

flats. The leasing market for office space

seems to have been affected least. Meanwhile,

the demand for industrial premises has remained

moderate.

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