HC Deb 03 February 1984 vol 53 c388W
Mr. Gould

asked the Secretary of State for Trade and Industry whether he will publish in the Official Report a table comparing the percentage increase in the volume of exports of finished manufactures each year since 1974 based on 1975=100 using current weights; and how this compares with figures based on 1975 and 1980 weights.

Mr. Channon

The available information is given in the table:

Export Volume Indices: Finished Manufactures*
Percentage change on previous year OTS basis
Reference year† 1975 1980
Index type‡

Weight base

 Paasche

—

 Laspeyres

1975

 Paasche

—

 Laspeyres

1980
Weight base — 1975 — 1980
1975 + 5 +5½ n/a n/a
1976 + 3 + 4 n/a n/a
1977 +3½ + 6 n/a n/a
1978 - 3 -2½ n/a n/a
1979 n/a n/a - ½ - 3½
1980 n/a n/a +4½ +2½
1981 n/a n/a - 5 - 4
1982 n/a n/a — +1½
1983 n/a n/a -5½ - 5
Notes:
* These are defined as SITC(R2) Sections 7 and 8.
† Relates to the reference year of the component index numbers that are combined to create the aggregate series.
‡ The Paasche index is a current weighted index in which the index number for each year is estimated using weights relevant to that year. The Laspeyre index employs a fixed weighting pattern.