§ Mr. Gouldasked the Chancellor of the Exchequer what are the latest figures
1 2 3 4 5 1975=100 Relative export prices Relative normal unit labour costs Import price competitiveness Relative profitability of exporting Terms of trade in manufactures 1977— 1st quarter … … 97.9 88.7 93.9 96.5 98.1 2nd quarter … … 101.6 88.2 96.3 96.8 99.6 3rd quarter … … 103.3 88.2 96.1 96.6 101.0 4th quarter … … 107.0 92.2 96.6 96.7 102.8 1978— 1st quarter … … 110.0 95.6 97.6 97.0 103.7 2nd quarter … … 104.1* 90.7* 95.8 96.1 102.6 3rd quarter … … n.a. n.a. 95.7 95.5 102.8 * Treasury estimates. The indices are as defined in the Treasury economic progress report in February 1978. For the first three indices a fall represents an improvement in competitiveness. For the fourth index a fall represents an improvement in the profitability of exports relative to domestic sales. For the fifth index a fall represents a deterioration in the terms of trade.