HC Deb 07 April 1971 vol 815 cc193-4W
Mr. Brocklebank-Fowler

asked the Chancellor of the Exchequer what is the overall rate of growth of industrial output per annum in Great Britain in the years 1960 to 1970; and how this compares with the European Economic Community, from information available from international sources.

Mr. Higgins

The annual percentage increases are given in the table below. The figures relate to the mining and quarrying, manufacturing, and gas, electricity and water industries. There are minor differences in the coverage of "manufacturing" in some of the E.E.C. countries, details of which are given in the footnotes to my hon. Friend's later question today.

United Kingdom European Economic Community
1960 7.2 11.8
1961 0.4 5.9
1962 1.0 5.6
1963 3.8 5.3
1964 7.9 7.0
1965 3.2 3.7
1966 1.3 5.4
1967 0.2 1.7
1968 5.7 8.4
1969 3.3 10.9
1970 1.5 Not available

Source: O.E.C.D.

the rate of inflation and the official exchange rates used to convert figures for the countries of the European Economic Community to a common currency do not necessarily reflect differences in internal purchasing power.