HC Deb 09 May 1986 vol 97 cc256-7W
Mr. Austin Mitchell

asked the Secretary of State for Trade and Industry if he will publish the relative export price of United Kingdom manufactures each year compared with German export prices for manufactures based on 1976=100 together with the change in the nominal exchange rate since the last year for which relative export prices are available.

Mr. Alan Clark

[pursuant to his reply, 2 May 1986, c. 523]: In March 1986 the nominal sterling/deutschmark exchange rate was 14 per cent. higher than the average rate for 1984. The relative export prices are in the following table.

Exports of manufactures—Relative export prices* 1976=100
Year Relative export prices
1976 100
1977 105
1978 107
1979 117
1980 133
1981 145
1982 134
1983 131
1984 138

Note:

* Ratio of United Kingdom to Federal Republic of Germany unit value of exports of manufactures in common currency.

Sources: United Nations.

Department of Trade and Industry