Table 1 : Year-on-Year Changes (%) in Nominal and Real Wage Index by Selected Major Sector: from December 2001 to December 2002

Year-on-Year Rate of Change in Nominal Wage Index in Manufacturing Sector for December 2001 was +1.4%.
Year-on-Year Rate of Change in Real Wage Index in Manufacturing Sector for December 2001 was +8.1%.
Year-on-Year Rate of Change in Nominal Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for December 2001 was +0.8%.
Year-on-Year Rate of Change in Real Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for December 2001 was +7.5%.
Year-on-Year Rate of Change in Nominal Wage Index in Transport Services Sector for December 2001 was +2.0%.
Year-on-Year Rate of Change in Real Wage Index in Transport Services Sector for December 2001 was +8.7%.
Year-on-Year Rate of Change in Nominal Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for December 2001 was -2.5%.
Year-on-Year Rate of Change in Real Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for December 2001 was +4.0%.
Year-on-Year Rate of Change in Nominal Wage Index in Personal Services Sector for December 2001 was -0.9%.
Year-on-Year Rate of Change in Real Wage Index in Personal Services Sector for December 2001 was +5.7%.
Year-on-Year Rate of Change in Nominal Wage Index in All Sectors for December 2001 was +0.2%.
Year-on-Year Rate of Change in Real Wage Index in All Sectors for December 2001 was +6.9%.

Year-on-Year Rate of Change in Nominal Wage Index in Manufacturing Sector for March 2002 was -2.1%.
Year-on-Year Rate of Change in Real Wage Index in Manufacturing Sector for March 2002 was -0.2%.
Year-on-Year Rate of Change in Nominal Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for March 2002 was -0.4%.
Year-on-Year Rate of Change in Real Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for March 2002 was +1.6%.
Year-on-Year Rate of Change in Nominal Wage Index in Transport Services Sector for March 2002 was +1.1%.
Year-on-Year Rate of Change in Real Wage Index in Transport Services Sector for March 2002 was +3.1%.
Year-on-Year Rate of Change in Nominal Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for March 2002 was -1.7%.
Year-on-Year Rate of Change in Real Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for March 2002 was +0.3%.
Year-on-Year Rate of Change in Nominal Wage Index in Personal Services Sector for March 2002 was -0.9%.
Year-on-Year Rate of Change in Real Wage Index in Personal Services Sector for March 2002 was +1.1%.
Year-on-Year Rate of Change in Nominal Wage Index in All Sectors for March 2002 was -0.8%.
Year-on-Year Rate of Change in Real Wage Index in All Sectors for March 2002 was +1.2%.

Year-on-Year Rate of Change in Nominal Wage Index in Manufacturing Sector for June 2002 was -0.7%.
Year-on-Year Rate of Change in Real Wage Index in Manufacturing Sector for June 2002 was +3.4%.
Year-on-Year Rate of Change in Nominal Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for June 2002 was -0.9%.
Year-on-Year Rate of Change in Real Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for June 2002 was +3.2%.
Year-on-Year Rate of Change in Nominal Wage Index in Transport Services Sector for June 2002 was +0.8%.
Year-on-Year Rate of Change in Real Wage Index in Transport Services Sector for June 2002 was +4.9%.
Year-on-Year Rate of Change in Nominal Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for June 2002 was -1.8%.
Year-on-Year Rate of Change in Real Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for June 2002 was +2.2%.
Year-on-Year Rate of Change in Nominal Wage Index in Personal Services Sector for June 2002 was -2.0%.
Year-on-Year Rate of Change in Real Wage Index in Personal Services Sector for June 2002 was +2.0%.
Year-on-Year Rate of Change in Nominal Wage Index in All Sectors for June 2002 was -0.9%.
Year-on-Year Rate of Change in Real Wage Index in All Sectors for June 2002 was +3.1%.

Year-on-Year Rate of Change in Nominal Wage Index in Manufacturing Sector for September 2002 was -1.5%.
Year-on-Year Rate of Change in Real Wage Index in Manufacturing Sector for September 2002 was +2.8%.
Year-on-Year Rate of Change in Nominal Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for September 2002 was -2.2%.
Year-on-Year Rate of Change in Real Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for September 2002 was +2.1%.
Year-on-Year Rate of Change in Nominal Wage Index in Transport Services Sector for September 2002 was within plus or minus 0.05%.
Year-on-Year Rate of Change in Real Wage Index in Transport Services Sector for September 2002 was +4.4%.
Year-on-Year Rate of Change in Nominal Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for September 2002 was within plus or minus 0.05%.
Year-on-Year Rate of Change in Real Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for September 2002 was +4.4%.
Year-on-Year Rate of Change in Nominal Wage Index in Personal Services Sector for September 2002 was -3.0%.
Year-on-Year Rate of Change in Real Wage Index in Personal Services Sector for September 2002 was +1.3%.
Year-on-Year Rate of Change in Nominal Wage Index in All Sectors for September 2002 was -1.5%.
Year-on-Year Rate of Change in Real Wage Index in All Sectors for September 2002 was +2.8%.

Year-on-Year Rate of Change in Nominal Wage Index in Manufacturing Sector for December 2002 was -1.4%.
Year-on-Year Rate of Change in Real Wage Index in Manufacturing Sector for December 2002 was -2.5%.
Year-on-Year Rate of Change in Nominal Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for December 2002 was -1.4%.
Year-on-Year Rate of Change in Real Wage Index in Wholesale, Retail and Import/Export Trades, Restaurants and Hotels Sector for December 2002 was -2.5%.
Year-on-Year Rate of Change in Nominal Wage Index in Transport Services Sector for December 2002 was +0.5%.
Year-on-Year Rate of Change in Real Wage Index in Transport Services Sector for December 2002 was -0.5%.
Year-on-Year Rate of Change in Nominal Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for December 2002 was +0.3%.
Year-on-Year Rate of Change in Real Wage Index in Financing, Insurance, Real Estate (Except Agencies) and Business Services Sector for December 2002 was -0.8%.
Year-on-Year Rate of Change in Nominal Wage Index in Personal Services Sector for December 2002 was -0.1%.
Year-on-Year Rate of Change in Real Wage Index in Personal Services Sector for December 2002 was -1.1%.
Year-on-Year Rate of Change in Nominal Wage Index in All Sectors for December 2002 was -0.8%.
Year-on-Year Rate of Change in Real Wage Index in All Sectors for December 2002 was -1.8%.

Notes :
1.  The Real Wage Index is obtained by deflating the nominal index by the 1999/2000-based
    Consumer Price Index (A).
2.  The distinctly larger year-on-year increases in the Real Wage Indices in December 2001 mainly
    reflected the influence of a marked decline in the Consumer Price Index (A) caused by the 
    waiver of public housing rentals granted by both the Housing Authority and the Housing Society 
    for December 2001.
3.  The year-on-year decreases in the Real Wage Indices in December 2002 mainly reflected the 
    influence of the increase in the Consumer Price Index (A) caused by a lower base for comparison 
    for December 2001 reflecting the waiver of public housing rentals by both the Housing Authority 
    and the Housing Society in that month.
4.  The Financing, Insurance, Real Estate(Except Agencies) and Business Services Sector
    does not include stock, commodity and bullion brokers, exchanges and services companies;
    insurance agents and brokers, and real estate agencies.
5.  All Sectors refer to all industries covered by the survey.