Navigation menu for this statistical subject

Movement in Producer Price Index for industrial sector reflects changes in prices of local industrial output. Producer prices are selling prices (net of any discounts or rebates allowed to buyers, plus any surcharges) received by producers for their output. Transportation and other incidental charges are not included.

Movement in Index of Industrial Production reflects the changes in local industrial output in real terms, i.e. changes in the volume of local production after discounting the effect of price changes.

Value indices of orders-on-hand for major manufacturing industries measure the orders received before the end of each month but not yet entered into production and, where production of orders has been started but not yet completed, those uncompleted parts of the orders. The indices can be used as a leading economic indicator of short-term performance of the major manufacturing industries in Hong Kong.

An establishment is ideally an economic unit which engages, under a single ownership or control, in one or predominantly one kind of economic activity at a single physical location. Where separate figures relating to different activities or different locations under the same management are not available, a combined return is accepted and in this case, the reporting unit is treated as an establishment.

Glossary of Terms

Term
Definition
Compensation of employees
Compensation of employees = Wages and salaries to operatives and other employees (including share-based payments granted to employees) + Payments in kind and employer's social security expenditure (including contributions to Mandatory Provident Fund schemes, messing, medical expenses and premiums for employees’ compensation insurance) + Payments to outworkers
Establishment
An establishment is ideally an economic unit which engages, under a single ownership or control, in one or predominantly one kind of economic activity at a single physical location. Where separate figures relating to different activities or different locations under the same management are not available, a combined return is accepted and in this case, the reporting unit is treated as an establishment.
Gross additions to fixed assets
Gross additions to fixed assets = Acquisitions of fixed assets – Proceeds from disposal of fixed assets, where fixed assets include (a) land and buildings; (b) plant and machinery; and (c) other fixed assets.
Gross surplus
Gross surplus = sales of goods, industrial work and industrial services + other receipts - operating expenses - compensation of employees
Index of industrial production
Movement in index of industrial production reflects the changes in local industrial output in real terms, i.e. changes in the volume of local production after discounting the effect of price changes.
Number of persons engaged
Number of persons engaged = Number of working proprietors, active partners and unpaid family workers + Number of employees
Operating expenses
Operating expenses = purchases of materials, supplies and industrial work/services + purchases of goods for resale + rent, rates and government rent for land and buildings + rentals for machinery, equipment and vehicles + interest payments + miscellaneous operating expenses (excluding bad debts, donations to charities, fines, direct taxes, write-off, depreciation, amortisation, provision, obsolete stocks and loss on disposal of fixed assets) - changes in stocks of materials/supplies, work-in-progress, finished products and goods for resale
Producer price index for industrial sector
Movement in producer price index for the industrial sector reflects changes in prices of local industrial output. Producer prices are selling prices (net of any discounts or rebates allowed to buyers, plus any surcharges) received by producers for their output. Transportation and other incidental charges are not included.
Purchases of materials, supplies and industrial work/services
Purchases of materials, supplies and industrial work/services = Purchases of fuels + Purchases of electricity + Purchases of water + Value of all other purchases of materials/supplies for production and business operation + Payments for sub-contract work + Payments for repair and maintenance services
Sales and other receipts
Sales and other receipts = Sales of goods, industrial work and industrial services + receipts for non-industrial services rendered to other establishments + Rental income + Income from other sources
Sales of goods, industrial work and industrial services
Sales of goods, industrial work and industrial services = Value of all sales of goods produced + Machinery produced for own use + Value of resales of goods in same condition as purchased + Receipts for industrial work and industrial services rendered to other establishments.
Value added
Value added = sales and other receipts - income from other sources - operating expenses (net of interest payments and stock appreciation)