Wage Statistics for March 2003 and
Payroll Statistics for 1st Quarter 2003

Friday, 27 June 2003


Table 1 : Year-on-Year Changes (%) in Nominal and Real Wage Index by
Selected Major Sector : from March 2002 to March 2003
   

  March June September December March
Selected Major Sector 2002 2002 2002 2002 2003

Manufacturing -2.1
(-0.2)
-0.7
(+3.4)
-1.5
(+2.8)
-1.4
(-2.5)
-2.6
(-0.7)

Wholesale, Retail and Import/
    Export Trades, Restaurants
    and Hotels
-0.4
(+1.6)
-0.9
(+3.2)
-2.2
(+2.1)
-1.4
(-2.5)
-1.8
(#)

Transport Services +1.1
(+3.1)
+0.8
(+4.9)
#
(+4.4)
+0.5
(-0.5)
-1.4
(+0.4)

Financing, Insurance, Real Estate
    (Except Agencies) and
    Business Services**
-1.7
(+0.3)
-1.8
(+2.2)
#
(+4.4)
+0.3
(-0.8)
+0.3
(+2.2)

Personal Services -0.9
(+1.1)
-2.0
(+2.0)
-3.0
(+1.3)
-0.1
(-1.1)
-3.4
(-1.6)

All Sectors @ -0.8
(+1.2)
-0.9
(+3.1)
-1.5
(+2.8)
-0.8
(-1.8)
-1.5
(+0.3)


Notes :

# Change within 0.05%

Figures not in brackets denote percentage changes in the Nominal Wage Indices. Figures in brackets denote percentage changes in the corresponding real indices. The Real Wage Index is obtained by deflating the nominal index by the 1999/2000-based Consumer Price Index (A).

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 of comparison in December 2001 upon the waiver of public housing rentals by both the Housing Authority and the Housing Society in that month.

**

Not including stock, commodity and bullion brokers, exchanges and services companies; insurance agents and brokers, and real estate agencies.

@

Refer to all industries covered by the survey.

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