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Mr. Austin Mitchell
asked the Secretary of State for Trade if he will circulate in the Official Report a table showing the terms of trade for United Kingdom manufactures each year since 1963 and for each quarter since the beginning of 1976 on the basis of trade in (a) 1970 and (b) 1975; and if he will include similar figures for semi-manufactures and finished manufactures.
Mr. Eyre
The information is as follows:United Kingdom terms of trade and relative volume for trade in manufactures for each quarter since 1970.
Mr. Parkinson
The information is as follows:
| TRADE IN MANUFACTURES* | |||
| OTS Basis 1975 = 100 | |||
| Terms of trade† | Relative volume‡ | ||
| 1970—1st quarter | … | 97 | 130 |
| 2nd quarter | … | 98 | 115 |
| 3rd quarter | … | 100 | 117 |
| 4th quarter | … | 101 | 119 |
| 1971—1st quarter | … | 101 | 115 |
| 2nd quarter | … | 101 | 123 |
| 3rd quarter | … | 104 | 123 |
| 4th quarter | … | 106 | 117 |
| 1972—1st quarter | … | 106 | 108 |
| 2nd quarter | … | 106 | 104 |
| 3rd quarter | … | 104 | 97 |
| 4th quarter | … | 102 | 103 |
| 1973—1st quarter | … | 102 | 99 |
| 2nd quarter | … | 99 | 98 |
| 3rd quarter | … | 92 | 98 |
| 4th quarter | … | 91 | 94 |
| 1974—1st quarter | … | 92 | 93 |
| 2nd quarter | … | 91 | 94 |
| 3rd quarter | … | 93 | 102 |
| 4th quarter | … | 96 | 98 |
| 1975—1st quarter | … | 99 | 99 |
| 2nd quarter | … | 100 | 101 |
| 3rd quarter | … | 100 | 96 |
| 4th quarter | … | 100 | 104 |
| 1976—1st quarter | … | 101 | 104 |
| 2nd quarter | … | 98 | 98 |
| 3rd quarter | … | 98 | 99 |
| 4th quarter | … | 97 | 98 |
| 1977—1st quarter | … | 99 | 99 |
| 2nd quarter | … | 100 | 93 |
| 3rd quarter | … | 102 | 103 |
| 4th quarter | … | 103 | 97 |
| 1978—1st quarter | … | 104 | 91 |
| 2nd quarter | … | 103 | 84 |
| 3rd quarter | … | 103 | 89 |
| 4th quarter | … | 103 | 88 |
| 1979—1st quarter | … | 104 | 74 |
| 2nd quarter | … | 106 | 78 |
| 3rd quarter | … | 109 | 79 |
| * SITC (Rev 2) Sections 5 to 8. | |||
| † Export unit value index as a percentage of import unit value index; not seasonally adjusted. | |||
| ‡ Volume of exports f.o.b. as a percentage of volume of imports c.i.f.; seasonally adjusted. | |||