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Output (International Comparisons)

Volume 955: debated on Tuesday 24 October 1978

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asked the Chancellor of the Exchequer if he will publish a table showing the level of manufacturing output and of total industrial output in the United Kingdom, the United States of America, France, West Germany, Japan and Italy in each of the last five full

TABLE 1—UNITED KINGDOM LEVEL OF INDUSTRIAL OUTPUT
All industriesAll industries excluding constructionManufacturing
1975=100
1973110·1108·3109·2
1974105·7105·7107·4
1975100·0100·0100·0
1976102·5103·4102·2
1977106·5108·4103·9
Seasonally adjusted
1978—Quarter 1107·2108·8102·8
Quarter 2111·5112·1105·4
Resealed to 1974=100
1973104·2102·5101·7
1974100·0100·0100·0
197594·694·693·1
197697·097·895·2
1977100·8102·696·7
Seasonally adjusted
1978—Quarter 1101·4102·995·7
Quarter 2105·5106·198·1

Source: For 1975=100 estimates: Table 3 "Implied level of Output" in CSO Press Notice on Index of Industrial Production issued on 13th October 1978.

The latest data for industrial and manufacturing production available in the publications of the OECD for the other specified countries are still based on 1970=100. This information only permits comparisons over the period 1974 to 1978 second quarter and is given in the tables below, resealed to 1974=100.

TABLE 2A—INDUSTRIAL PRODUCTION EXCLUDING CONSTRUCTION

Resealed to 1974=100

United States

West Germany

France

*

Japan

Italy

1974100100100100100
19759195939091
1976100102101100102
1977106105102104102

Seasonally adjusted

1978—Quarter 1108105103108104
Quarter 2111105ֵ110ֵ
ֵ Not available.

Source: OECD Main Economic Indicators, September 1973

*Based on annual and quarterly data which represent only 78 per cent. of total industrial output.

TABLE 2B—PRODUCTION OF MANUFACTURING INDUSTRIES

1974=100

United States

West Germany

France

*

Japan

Italy

1974100100100100100
19758994928990
197610010110198102
1977106105102102103

Seasonally adjusted

1978—Quarter 1107104ֵ107102
ֵ Not available.

Source: OECD Industrial Production—Quarterly Supplement to Main Economic Indicators 1978—2.

* Based on annual and quarterly data which represent only 77 per cent. of manufacturing output.

calendar years, taking 1973 as 100, and in each quarter of 1978 to date.

Within the United Kingdom, index numbers of industrial and manufacturing output are now prepared on the basis 1975=100. These are shown in the table below, together with their values resealed to 1974=100.The different base year used in the calculation of these estimates, compared with that used for the United Kingdom shown above, should be noted in making comparisons between the two sets of figures. Future issues of "Main Economic Indicators" will be on the basis of 1975=100.