HC Deb 01 December 1981 vol 14 cc62-5W
Mr. Austin Mitchell

asked the Secretary of State for Trade whether he will bring up to date the figures published in the Official Report on 31 July 1981 in reply to a written question from the hon. Member for Grimsby concerning the terms of trade and relative volume.

Mr. Peter Rees

Information available is as follows:

Terms of Trade* (Not Seasonally Adjusted)
* Export Unit Value Index as a Percentage of the Import Unit Value Index
1975=100 OTS Basis
Machinery and Transport Equipment Miscellaneous Manufactures
Total Total excluding ships, NSI and aircraft Machinery
Total Mechanical Electrical Road vehicles Total Clothing and footwear Scientific instruments and photographic apparatus
SITC(R2) 7 7 less SNA 71–77 71–74 less 716 716,75–77 78 8 84+85 87+88
1981
September 120 122 125 120 129 113 108 97 113
October 118 120 122 116 128 110 106 99 111
1978 (Revised) 74 Relative Volume† (Seasonally Adjusted)
1981
September 56 51 54 65 48 38 73 97 84
October 71 65 65 76 60 61 83 99 90
† Export volume index as a percentage of the import volume index.

Consumer Goods Intermediate Goods Capital Goods
Total Machinery Passenger motor cars Miscellaneous Total Machinery Miscellaneous Total Machinery Miscellaneous
7+8 less SNA 7+8 less SNA 7+8 less SNA
SITC (R2) PT 71–77 PT 781 8PT PT 71–77 PT 8 PT PT 71–77 PT 8 PT
1981
September 118 126 135 104 128 138 113 115 112 112
October 116 123 131 103 126 137 108 110 108 110
Relative Volume† (Seasonally Adjusted)
1981
September 56 34 35 74 56 59 61 55 54 87
October 72 40 65 87 69 72 65 66 64 89
† Export volume index as a percentage of the import volume index.

Terms of Trade*
(Not Seasonally Adjusted)
Office machines and ADP equipment Telecom and sound recording and reproducing apparatus and equipment Other transport equipment
SITC (R2) 75 76 79
1981
September 125 135 114
October 120 138 114
Relative Volume (Seasonally Adjusted)†
1981
September 63 32 174
October 91 33 184
* Export unit value index as a percentage of the import unit value index.
† Export volume index as a percentage of the import volume index.