HK manufacturing gross output slips in 2002

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Last updated at: (Beijing Time) Saturday, December 20, 2003

HK manufacturing gross output slips in 2002

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Hong Kong's manufacturing sector posted a gross output of 172.4 billion HK dollars (22.10 billion US dollars) in 2002, down 13.1 percent from a year earlier, the Census and Statistics Department said Friday in a report.

The manufacturing sector's gross surplus, the gross output minus total operating expenditure, fell 16.1 percent from a year earlier, to 20.4 billion HK dollars (2.56 billion US dollars) in 2002.

The gross surplus accounted for 11.8 percent of the gross output in 2002, or a fall of 0.5 percentage point compared with 12.3 percent in 2001, said the report.

It said that the sector's value-added, a measure of its contribution to the gross domestic product, amounted to 53.4 billion HK dollars (6.84 billion US dollars) in 2002, a drop of 13.6 percent from a year earlier.

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