§ Mr. Croninasked the Chancellor of the Exchequer if he will give figures comparing industrial production during the four quarters of 1976 and the first quarter of 1977.
§ Mr. Joel BarnettIt is estimated that industrial production during the first quarter of 1977 was about 1¼ per cent. above the average of the four quarters of 1976. The relevant figures are given in the table below:
INDEX OF INDUSTRIAL PRODUCTION (1970 = 100) Seasonally adjusted Total of all industries Stock adjustment * 1976— 1st quarter … 101.9 +¼ 2nd quarter … 102.4 -¾ 3rd quarter … 101.5 -¾ 4th quarter … 103.2 +½ 1977— 1st quarter … 103.2 +¼ * Broad adjustment to be made to the index of industrial production to compensate for the use in the compilation of the index of certain series which measure deliveries rather than production.