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The value of total receipts for the restaurants sector was $16.8 billion in the first quarter of 2007, up by 11.8% compared with the first quarter of 2006. Over the same period, the value of total purchases of restaurants also increased, by 14.6% to $5.7 billion.
After discounting the effect of price changes, total restaurant receipts rose by 9.6% in volume in the first quarter of 2007 as compared to a year earlier.
These are the provisional figures on restaurant receipts and purchases released today (May 10) by the Census and Statistics Department (C&SD).
Restaurant receipts in volume terms are derived from the corresponding receipts in value terms by adjusting for price changes. The relevant components of the Composite Consumer Price Index are used for this adjustment.
Analysed by type of restaurant, total receipts of non-Chinese restaurants increased by 15.2% in value or 13.2% in volume in the first quarter of 2007 as compared to a year earlier.
Over the same period, total receipts of Chinese restaurants increased by 12.6% in value or 10.5% in volume, while total receipts of miscellaneous eating and drinking places increased by 10.3% in value or 7.2% in volume.
Total receipts of fast food shops increased by 7.2% in value or by 5.3% in volume in the first quarter of 2007 as compared to a year earlier.
On the other hand, total receipts of bars decreased by 0.7% in value or 6.7% in volume.
On a seasonally adjusted quarter-to-quarter comparison, the volume of total restaurant receipts increased by 3.3% in the first quarter of 2007 as compared to the fourth quarter of 2006.
Table 1 presents the revised figures for the total receipts and total purchases of the restaurants sector for the fourth quarter of 2006 and the provisional figures for the first quarter of 2007. The value and volume indices of the restaurant receipts in the fourth quarter of 2006 and the first quarter of 2007 for the entire restaurants sector and by type of restaurant are also given, with the average of quarterly indices from October 2004 to September 2005 taken as 100.
Table 2 shows the year-on-year rate of change in total restaurant receipts in volume terms based on the original series, as well as the quarter-to-quarter rate of change based on the seasonally adjusted series.
The Report on Quarterly Survey of Restaurant Receipts and Purchases containing the analysis of the first quarter of 2007 results is now available for download (in PDF format) free of charge at the website of the C&SD (www.censtatd.gov.hk/products_and_services/products/publications/index.jsp). The print version of the publication can be purchased in the following ways:
* Purchase in person at the Publications Unit of the C&SD (Address: 19/F, Wanchai Tower, 12 Harbour Road, Wan Chai; Tel: 2582 3025). The publication is for sale at HK$6.0 per copy.
* Complete a mail order form which is available for downloading at the website of the C&SD (www.censtatd.gov.hk/products_and_services/other_services/provision_of_stat/mail_ordering_of_publications/index.jsp) and return it to the C&SD. Price (excluding postage) is the same as above.
* Purchase online at the Statistical Bookstore of the C&SD (www.statisticalbookstore.gov.hk) or the Government Bookstore of the Information Services Department (www.bookstore.gov.hk). Print version if purchased online is offered a discount and is sold at 85% of its original price. After discount, the price (excluding postage) is HK$5.1 per copy for the publication.
Enquiries about the restaurant receipts and purchases statistics may be directed to the Distribution Services Statistics Section of the C&SD (Tel: 2123 1040).
Ends/Thursday, May 10, 2007
Issued at HKT 16:15
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