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Chapter I. Industrial Production

Published online by Cambridge University Press:  26 March 2020

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Extract

Industrial production, and within it manufacturing output, continued to fall in the first two quarters of 1981; output in the second quarter was about 2 per cent below the 1980 fourth quarter level (Statistical Appendix table 2). This is a substantial slowing in the rate of fall: from the second quarter of 1979 to the fourth of 1980 manufacturing output was falling at a rate of about 3 per cent a quarter and the total at a rate of 2½ per cent.

Type
Articles
Information
National Institute Economic Review , Volume 97 , August 1981 , pp. 7 - 18
Copyright
Copyright © 1981 National Institute of Economic and Social Research

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References

(1) All aggregate figures used in this chapter exclude production of oil and gas, MLH 104; this index number has reached a level of over 30,000 (1975 = 100). The conventional indices of industrial output are used, not the new series for ‘implied level of output’; these are available only for some industry groupings.

(2) Excluding mining and quarrying, weighted by their weights in the index of industrial output.

(3) These were taken to be falls greater than expected from their declining trends for shipping, construction, motor vehicles and textiles.

(4) CBI, Industrial trends survey, 81, July, 1981.