ENG-1996 — Page 97

Chart 10

Number ('000)

2000

1500

THE ECONOMY

Employment by broad economic sector

Service sectors as a whole (left scale)

Number ('000)

80

70

Building and construction sites (right scale)

1000

60

500

Manufacturing sector (left scale)

50

Tw

40

0

Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep

1994 } 1995

1996

1991

1992

1993

The structural shift of manpower from manufacturing to services continued in 1996. Employment at construction sites rose sharply, reflecting in part the momentum of implementation of the Airport Core Programme.

Chart 11

Percent

15.0

10.0

5.0

0

-5.0

Earnings by broad economic sector (year-on-year rate of change in real terms)

Service sectors

as a whole

Manufacturing sector

-10.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 QI Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

1991

1996

1992

1993

1994

1995

Earnings continued to rise in real terms in 1996, underpinned by more moderate inflation.

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