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Trade Statistics

Volume 84: debated on Monday 21 October 1985

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asked the Secretary of State for Trade and Industry what is the average error when monthly balance of trade figures are compared with the final outturn; and if there has been any statistical improvement in the accuracy of monthly balance of trade figures in the past decade.

The information is given in the table. The revisions result from changes in definition as well as the incorporation of later information. There has been no statistical improvement in the accuracy of the monthly figures over the last decade.Revisions of UK visible trade balance:

Monthly average* £ million
197572
197650
197780
197888
197997
198066
1981114
1982106
1983151
198470
* Average revision, without regard to sign, in the monthly estimates of the UK visible trade balance, seasonally adjusted on a balance of payments basis, since first published.