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Mr. Lawson
asked the Chancellor of the Exchequer if he will publish a table to show the average level of industrial output (a) between June 1970 and February 1974 and (b) between March 1974 and the latest month for which figures are available.
Mr. Joel Barnett
The table below shows the all-industries index of industrial production averaged for each of the periods requested, seasonally adjusted, with the average for the year 1975=100.
INDEX OF INDUSTRIAL PRODUCTION (1975=100 (seasonally adjusted) | |
(a) June 1970-February 1974 | 103·1 |
(b) March 1974-October 1978 | 104·4 |
OUTPUT OF ALL INDUSTRIES (1975=100) | |
(a) Average third quarter 1970 to first quarter 1974 | 103 ·3 |
(b) Average second quarter 1974 to third quarter 1978 | 104·9 |