Volume And Terms Of Trade

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asked the Secretary of State for Trade (1) whether he will circulate in the Official Report a table showing (a) for the second half of 1973 and (b) the second half of 1979, the relative volume and terms of trade for the items shown in table D2 of the February issue of the Monthly Review of External Trade Statistics;(2) whether he will publish in the

Official Report a table showing ( a) for the fourth quarter of 1976 and ( b) for the fourth quarter of 1979 the relative volume and terms of trade for the items in table D2 of the February issue of the Monthly Review of External Trade Statistics.

Information for the fourth quarter of 1979 is given in the Monthly Review referred to in the questions. The remaining information is as follows:

RELATIVE VOLUME* AND TERMS OF TRADE† BY MAJOR COMMODITY GROUPS
					1975=100 OTS basis seasonally adjusted
	Total	Food, beverages and tobacco	Fuels	Basic materials SITC (R2)	Manufactures	Semi-manufactures	Finished manufactures
	0to9	0+1	3	2+4	5 to 8	5+6	7+8
Relative volume
Second half 1973	89·4	91	93	80	96	107	89
Second half 1979	99·1	124	373	119	77	96	65
Fourth quarter 1976	103·6	98	142	108	100	109	94
Terms of trade‡
Second half 1973	100·7	99	123	105	92	90	93
Second half 1979	106·6	111	120	112	106	100	111
Fourth quarter 1976	97·2	104	97	98	96	97	96
^* Export volume index as a percentage of import volume index.
† Export unit value index as a percentage of import unit value index.
‡ Not seasonally adjusted.

Volume 982: debated on Tuesday 1 April 1980