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Manufacturing sector gross surplus up 6.9%

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Posted 01 December 2006 @ 02:22 pm HKT

Hong Kong's manufacturing sector saw its gross output rise 3.5% from a year earlier, to $163.2 billion last year, while the gross surplus rose 6.9% to $20 billion, the Census & Statistics Department said.

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hong kong manufacturing sector

According to the results of the 2005 Annual Survey of Industrial Production rolled out today, the manufacturing sector's value-added - a measure of its contribution to Hong Kong's gross domestic product - amounted to $47.3 billion, up 1.3% from a year earlier.

Within the manufacturing sector, the five largest broad industry groups in terms of value-added last year were:

* paper products, printing and publishing industry;

* basic metals, fabricated metal products, machinery and equipment industry;

* food, beverages and tobacco industry;

* textiles (including knitting) industry; and

* wearing apparel, except knitwear and footwear industry.

They together accounted for 77.9% of the total value added of the whole sector.

Increases seen in five industries

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