§
Mr. Lawson
The information required on the savings ratio and manufacturing output is given in the tables below. Annual changes in the money supply and retail prices can be derived from data given in the IMF publicationsInternational Financial Statistics—monthly, latest edition February 1980—and International Financial Statistics Yearbook—annual, latest edition 1979—to which I have referred the hon. Member in answer to recent similar questions—[Vol. 975, c. 567–69; Vol. 979, c. 630].
570W
| SAVING RATIO NET* |
|
United Kingdom |
Germany (Federal Republic) |
| 1970 |
13.7 |
20.8 |
| 1971 |
11.4 |
19.2 |
| 1972 |
9.9 |
18.5 |
| 1973 |
9.7 |
18.5 |
| 1974 |
5.8 |
16.3 |
| 1975 |
5.3 |
11.7 |
| 1976 |
7.3 |
13.3 |
| 1977 |
8.6 |
13.0 |
| 1978 |
8.5 |
N.A. |
| GROSS† |
|
United Kingdom |
Germany (Federal Republic) |
| 1970 |
21.2 |
28.9 |
| 1971 |
19.3 |
27.8 |
| 1972 |
18.3 |
27.1 |
| 1973 |
17.6 |
27.1 |
| 1974 |
15.6 |
25.6 |
| 1975 |
15.4 |
21.9 |
| 1976 |
17.3 |
23.2 |
| 1977 |
18.8 |
22.9 |
| 1978 |
19.0 |
N.A. |
| * Ratio of total net saving (after deducting capital consumption) to net national disposable income. |
| †Ratio of total gross saving to gross national disposable income. |
| MANUFACTURING OUTPUT |
|
Percentage change on preceding year |
|
United Kingdom |
Germany (Federal Republic) |
| 1971 |
— |
+1.0 |
| 1972 |
+2.0 |
+4.1 |
| 1973 |
+8.3 |
+6.9 |
| 1974 |
-1.7 |
-1.8 |
| 1975 |
-6.1 |
-6.5 |
| 1976 |
+1.6 |
+7.0 |
| 1977 |
+1-4 |
+3.7 |
| 1978 |
+0.8 |
+1.8 |