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Exports (Economic Activity)

Volume 81: debated on Thursday 27 June 1985

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23.

asked the Chancellor of the Exchequer if he will make a statement on the contribution of exports to the current level of economic activity.

The rise of 8½ per cent. in the volume of exports of goods and services over the year to the first quarter of 1985 has been a major factor in the rise in total output. Strong export performance, higher investment and increased consumer spending have all contributed to a rise in gross domestic product of 3½ per cent. over the same period, allowing for the effects of the coal strike.