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Retail sales and restaurant receipts Statistics on retail sales and restaurant receipts are compiled from the results of the Monthly Survey of Retail Sales and the Quarterly Survey of Restaurant Receipts and Purchases respectively. The surveys include sampled establishments drawn from all the retail and catering establishments registered with the Business Registration Office of the Inland Revenue Department, the Food and Environmental Hygiene Department and the Housing Department. Value indices measure the changes in value terms, while the volume indices, obtained by deflating the value indices by specially constructed price indices, measure the changes in real terms. Retail sales statistics are primarily intended to measure the sales receipts of goods sold by local retail establishments, for gauging the short-term business performance of the local retail sector. They cover consumer spending on goods, but not on services. Moreover, they include spending on goods by visitors in Hong Kong but not by Hong Kong residents outside Hong Kong. Hence they should not be regarded as a comprehensive indicator of overall consumer spending. Users interested in the trend of overall consumer spending should refer to the quarterly series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product (GDP). Compiled from a wide range of data sources, PCE covers consumer spending on both goods (purchased from all channels) and services by Hong Kong residents whether domestically or abroad.
For wholesale, retail and import/export trades, restaurants and hotels industries : 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 Number of persons engaged Compensation of employees Operating expenses Total value of purchases of goods for sale (for wholesale, retail and import/export trades) excludes purchases of goods for offshore trading. Total value of purchases of goods for sale (for restaurants, hotels and boarding houses) Changes in stocks Sales and other receipts (for wholesale, retail and import/export trades establishments) Sales and other receipts (for restaurants, hotels and boarding houses) Value added (for wholesale, retail and import/export trades establishments) Value added (for restaurants, hotels and boarding houses) Gross surplus
For transport and related services industries : An establishment is defined as an economic unit (i.e. a unit engaged in the production of goods or services) 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 for data collection purposes and in this case, the reporting unit is treated as an establishment. Number of persons engaged = number of working proprietors, active partners and unpaid family workers + number of employees Compensation of employees = wages and salaries + payments in kind and employer's social security expenditure Operating expenses = Rent, rates and government rent for land and buildings + interest payments + expenses on repair and maintenance + expenses on materials and supplies used in business + expenses on fuels + expenses on water and electricity + freight charges, charter hire of transport equipment and cost of transport contract work + agency fees, commissions and brokerage fees + payments to outworkers + tours cost + cost of airline, vessel, train and bus tickets sold + other operating expenses Business receipts and other income = passenger revenue (including sales of airline tickets) + freight revenue + rental for charter hire of transport equipment + other business receipts + rental income from letting/subletting land and premises + income from other sources Value added = business receipts and other income - income from other sources - operating expenses + interest payments + payments to outworkers Gross surplus = business receipts and other income - compensation of employees - operating expenses Services incidental to transport includes travel agents and airline ticket agents; air and sea cargo forwarding agents; shipbrokers; establishments engaged in packing and crating of goods for transportation; and establishments providing cargo inspecting, sampling, weighing and measuring services connected with transportation. Supporting services to land transport includes the vehicular tunnels; rental of passenger vehicles without driver (except rental of public light buses or taxis without driver which are classified under 'Land passenger transport'); and car parks but excludes car parks for use only by occupants of a building, and those operated as part of real-estate or other businesses (e.g. restaurants, supermarkets) with no separate accounts, and temporary parking lots with no business registration, such as those on vacant construction sites. Supporting services to water transport includes establishments engaged in haulage of containers and container leasing; stevedoring establishments; and establishments offering pilotage or salvaging service but excludes stevedoring establishments with only vessels (which are classified under 'Inland water transport'); ship repairing (which is included in the Manufacturing sector); and ship chandling (which is included in the Wholesale and Retail Trade sector).
For storage, communications, financing (except banking) and business services industries : An establishment is defined as an economic unit (i.e. a unit engaged in the production of goods or services) 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 for data collection purposes and in this case, the reporting unit is treated as an establishment. Number of persons engaged = number of working proprietors, active partners and unpaid family workers + number of employees Compensation of employees = wages and salaries + payments in kind and employer's social security expenditure Operating expenses = rent, rates and government rent + rentals for machinery, equipment and vehicles + interest expenses, bill interest and loan interest + charges paid to banks, deposit-taking companies and other financial institution + transport and traveling expenses + communications expenses + insurance premiums + administration charges paid to related companies + expenses in maintaining representative offices outside Hong Kong + advertisement and business promotion expenses + accounting, audit, legal fees and other expenses for business services + entertainment expenses + expenses on repair and maintenance + expenses on materials and supplies used in business + expenses on fuels + expenses on water + expenses on electricity + commissions and brokerage fees + cost of contract work + payments to outworkers (for storage industry only) + other operating expenses Changes in stocks (for communications and business services industries only) = book value of stocks at end of reporting period - book value of stocks at beginning of reporting period Business receipts and other income = receipts from services rendered + receipts from warehousing rental (for storage industry only) + receipts from rental of machinery and equipment + value of sales of goods (for communications and business services industries only) + interest receipts + rental income from letting/subletting land and premises + dividends income + gain/loss from trading of financial assets + income from other sources Value added (except for loan companies, finance leasing companies, investment and holding companies and pawnshops in financing (except banking) industry) = receipts from services rendered + receipts from warehousing rental (for storage industry only) + receipts from rental of machinery and equipment (for communications and business services industries only) + value of sales of goods (for communications and business services industries only) + rental income from letting/subletting land and premises - operating expenses + interest payments + payments to outworkers (for storage industry only) - total value of purchases of goods for sale (for communications and business services industries only) + changes in stocks (for communications and business services industries only) Value added (for loan companies, finance leasing companies and pawnshops in financing (except banking) industry only) = receipts from services rendered + interest receipts + rental income from letting/subletting land and premises - operating expenses Gross surplus = business receipts and other income - compensation of employees - operating expenses - total value of purchases of goods for sale (for communications and business services industries only) + changes in stocks (for communications and business services industries only)
Business receipts indices The data source for compiling the business receipts indices for most service industries (except those for the retail, restaurants and banking industries and the tourism, convention and exhibition services domain) is the Quarterly Survey of Service Industries (QSSI) conducted by the Census and Statistics Department in 1993. The survey includes some 5 100 sampled establishments drawn from all establishments engaging five or more persons in the wholesale, import and export trade, hotels, transport, storage, communications, financing (except banking), insurance, business services, real estate and film entertainment industries, which are based on a Central Register of Establishments maintained by the Census and Statistics Department and updated by reference to records of the Business Registration Office of the Inland Revenue Department. Business receipts index for banking is compiled based on data obtained from the Hong Kong Monetary Authority. Retail and restaurants indices are obtained as described above in the first paragraph. Regarding the tourism, convention and exhibition services domain, part of the data are obtained from the Hong Kong Tourism Board. In earlier years, business receipts indices were compiled for twelve service industries only, by taking the four quarters in 1992 as the base period. Starting from the first quarter of 1996, the coverage of the quarterly business receipts index is expanded so that eleven more indices covering two additional industries, two service domains and providing more detailed breakdowns for some of the existing industries are compiled. As from the first quarter of 2004, the business receipts indices have been updated. The new series has year 2000 as the base year. In the new series, indices are obtained by re-scaling the previously published series, which has 1996 as the base year, using a conversion factor derived from the levels of the old and new series in the overlapping period of 2000. A service domain differs from a service industry in that it comprises those economic activities straddling different industries but are somehow related to a common theme. It may include all activities carried out by all establishments in a service industry that is closely related to the domain. For a service industry that is less closely related, however, only a portion of the establishments in the industry or even only part of the economic activities of the establishments is related to the domain. Taking tourism as an example, it includes all activities of all hotels and travel agents; and some (those involving visitors as customers) but not all of the activities of restaurants, retailers and transport operators.
Producer Price Indices for Service Industries Producer price indices for service industries measure the average change in prices received by producers of goods and services. Producer prices are transacted prices received by local producers for their output, net of any discounts, premiums, rebates or allowances given to buyers but including surcharges. The producer price indices in respect of selected service industries in the table in Statistical Tables section are compiled mainly from data on producer prices of service products collected through the Quarterly Survey of Service Industries (QSSI). For some service products where price data are currently collected through the Consumer Price Index (CPI) system, relevant data are extracted from the CPI system instead of being collected through the QSSI.
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