§ Mr. Gouldasked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing production industries' output less extraction of oil and gas for 1983 compared with the first half of 1979 together with his forecast for 1984.
§ Mr. Peter ReesThe index of output of the production industries, excluding oil and gas extraction,* based on 1980=100, and seasonally adjusted, is 108.7 in the first half of 1979 and 95.3 in the year 1983. A corresponding forecast for 1984 is not available.
* class 13 of the Standard Industrial Classification 1980 Source; Central Statistical Office.
§ Mr. Gouldasked the Chancellor of the Exchequer what is the difference between the series for industrial output
Output Series* Index numbers 1973 1979 1980 1981 1982 1983 Q1 Q2 Q3 Q4 (a) Gross domestic product† 1975 = 100 103.6 110.7 107.6 105.1 106.1 107.2 107.4 — — 1980=100 96.4 103.3 100.0 98.0 99.3 100.7 100.7 101.9 ¶102.4 (b) Output of the production industries‡ 1975 = 100 107.9 116.0 107.9 103.5 104.5 106.3 — — — 1980=100 99.4 107.0 100.0 96.3 98.0 99.5 99.5 101.0 102.0 (c) Manufacturing output 1975 = 100 108.8 104.6 95.1 89.0 88.4 88.5 — — — 1980=100 114.1 109.4 100.0 93.6 93.7 94.4 94.1 95.3 96.2 (d) Gross domestic product less oil and gas extraction║ 1975 = 100 103.5 107.1 104.0 101.1 101.5 102.3 102.7 — — 1980=100 100.0 103.5 100.0 97.4 98.1 99.1 99.3 100.1 ¶100.4 (e) Output of the production industries‡ less oil and gas extraction║ 1975=100 107.7 105.1 96.7 91.3 90.6 91.4 — — — 1980=100 110.5 108.2 100.0 94.4 94.1 94.7 95.1 95.6 95.8 Source:Central Statistical Office.
* The figures based on 1975 = 100 are consistent with those published in the August 1983 issue of Economic Trends. In September 1983,these series were rebased on to 1980 = 100: the 1975 = 100 series not been maintained since then. The rebased series also incorporated the revised 1980 industrial classification, mentioned above, The differences resulting from the classification change in series (b), (c) and (e) above the, however very small.
† Based on the output measure of GDP, which is the appropriate measure where and industrial analysis is required.
‡ Production excludes construction.
║ Class 13 of the standard industrial classification 1980.
¶ Preliminary estimates.
52Wgiven for the United Kingdom in the January issue of the Organisation for Economic Co-operation and Development main economic indicators and the June 1983 issue of Economic Trends; if he will publish in the Official Report a table showing for each quarter of 1983 the figures on the basis of (i) 1975 and (ii) 1980 for (a) gross domestic product, (b) industrial production, (c) manufacturing output, (d) gross domestic product less oil and gas and (e) industrial production less oil and gas; and how these compare with the figures for 1973, 1979, 1980, 1981 and 1982.
§ Mr. Peter ReesThe figures of industrial output in the June 1983 issue ofEconomic Trends and the January 1984 edition of OECD's "Main Economic Indicators" are not comparable. Principally, the figures in the June Economic Trends were based on 1975=100 and on the standard industrial classification 1968, and included the construction industry; those in the January "Main Economic Indicators" are derived from figures based on 1980–100, scaled to 1975–100, and are on the standard industrial classification 1980 and exclude the construction industry.
On the second part of the question, such information as is available is given in the following table. Figures on 1975=100 are as published in, or derived from, the August 1983 issue of Economic Trends. With the exception of series (d) and (e), which are available on request, figures on 1980=100 are published in the current issue of Economic Trends.