§ Mr. SillarsTo ask the Chancellor of the Exchequer if he will publish a table showing the trading surplus or deficit in(a) manufacturing and (b) services in each year since 1960.
§ Mr. Norman LamontThe available information is set out in the table:
1114W
£ million Year Balance of trade (exports less imports) for Manufactured goods Services (a) (b) (c) 1960 1,671 — -1 1961 1,809 — 9 1962 1,886 — 6 1963 1,976 — -42 1964 1,751 — -75 1965 1,969 — -98 1966 2,042 — 15 1967 1,619 — 133 1968 1,741 — 312 1969 2,311 — 366 1970 2,370 2,545 416 1971 — 3,008 544 1972 — 2,147 618 1973 — 1,484 683 1974 — 1,965 948 1975 — 3,738 1,337 1976 — 4,912 2,244 1977 — 5,874 3,037 1978 — 5,054 3,542 1979 — 2,690 3,907 1980 — 5,450 3,949 1981 — 4,576 3,923 1982 — 2,279 2,762 1983 — -2,448 3,721 1984 — -4,054 3,941 1985 — -3,151 5,962 1986 — -5,719 5,631 1987 — -7,508 5,333 1988 — 14,439 3,428 (a) Based on Standard International Trade Classification (SITC) [Balance of Payments Pink Book 1971]. There is a discontinuity with later estimates as indicated for 1970. (b) Based on SITC (3rd Revision). Monthly Review of External Trade Statistics, Annual Supplement 1988, Table A9 (for 1970 to 1985) and July 1989, Table A9 (for 1986 to 1988). (c) Economic Trends, Annual Supplement 1989, Table 29 (for 1960 to 1985), and June 1989, Table Al (for 1986 to 1988).