§ Mr. Lawsonasked the Chancellor of the Exchequer if he will publish a table showing the level of manufacturing output and of total industrial output in the United Kingdom, the United States of America, France, West Germany, Japan and Italy in each of the last five full
TABLE 1—UNITED KINGDOM LEVEL OF INDUSTRIAL OUTPUT All industries All industries excluding construction Manufacturing 1975=100 1973 … … … 110.1 108.3 109.2 1974 … … … 105.7 105.7 107.4 1975 … … … 100.0 100.0 100.0 1976 … … … 102.5 103.4 102.2 1977 … … … 106.5 108.4 103.9 Seasonally adjusted 1978—Quarter 1 … … … 107.2 108.8 102.8 Quarter 2 … … … 111.5 112.1 105.4 Resealed to 1974=100 1973 … … … 104.2 102.5 101.7 1974 … … … 100.0 100.0 100.0 1975 … … … 94.6 94.6 93.1 1976 … … … 97.0 97.8 95.2 1977 … … … 100.8 102.6 96.7 Seasonally adjusted 1978—Quarter 1 … … … 101.4 102.9 95.7 Quarter 2 … … … 105.5 106.1 98.1 Source: For 1975=100 estimates: Table 3 "Implied level of Output" in CSO Press Notice on Index of Industrial Production issued on 13th October 1978.
The latest data for industrial and manufacturing production available in the publications of the OECD for the other specified countries are still based on 1970=100. This information only permits comparisons over the period 1974 to 1978 second quarter and is given in the tables below, resealed to 1974=100.
TABLE 2A—INDUSTRIAL PRODUCTION EXCLUDING CONSTRUCTION Resealed to 1974=100 United States West Germany France* Japan Italy 1974 … 100 100 100 100 100 1975 … 91 95 93 90 91 1976 … 100 102 101 100 102 1977 … 106 105 102 104 102 Seasonally adjusted 1978—Quarter 1 … 108 105 103 108 104 Quarter 2 … 111 105 ֵ 110 ֵ ֵ Not available. Source: OECD Main Economic Indicators, September 1973 *Based on annual and quarterly data which represent only 78 per cent. of total industrial output. 890W
TABLE 2B—PRODUCTION OF MANUFACTURING INDUSTRIES 1974=100 United States West Germany France* Japan Italy 1974 … 100 100 100 100 100 1975 … 89 94 92 89 90 1976 … 100 101 101 98 102 1977 … 106 105 102 102 103 Seasonally adjusted 1978—Quarter 1 … 107 104 ֵ 107 102 ֵ Not available. Source: OECD Industrial Production—Quarterly Supplement to Main Economic Indicators 1978—2. * Based on annual and quarterly data which represent only 77 per cent. of manufacturing output. calendar years, taking 1973 as 100, and in each quarter of 1978 to date.
§ Mr. Denzil DaviesWithin the United Kingdom, index numbers of industrial and manufacturing output are now prepared on the basis 1975=100. These are shown in the table below, together with their values resealed to 1974=100.
The different base year used in the calculation of these estimates, compared with that used for the United Kingdom shown above, should be noted in making comparisons between the two sets of figures. Future issues of "Main Economic Indicators" will be on the basis of 1975=100.