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Chapter III. Production

Published online by Cambridge University Press:  26 March 2020

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Extract

The index of industrial production rose in the first quarter of last year, dropped back in the middle two quarters, and then (with a jump in the December figure) it recovered in the fourth quarter back to the level it had reached in the first. There is evidence to suggest (page 10) that it may have risen further in the first quarter of the year. Year-on-year, from 1964 to 1965, industrial output went up almost 2¾ per cent. Industrial production in Scotland (table 23) rose about as fast as in the United Kingdom as a whole; in Northern Ireland, on the basis of provisionally estimated figures it rose faster—by about 6 per cent.

Type
The Economic Situation: Annual Review
Information
National Institute Economic Review , Volume 35 , February 1966 , pp. 41 - 49
Copyright
Copyright © 1966 National Institute of Economic and Social Research

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References

Notes

note (1) page 41 The National Institute's Eighth Annual Industrial Inquiry was carried out in December 1965. The managements of 130 firms employing nearly 1 million persons were interviewed in the metal-using industries. In addition a postal questionnaire was sent to 15 large firms in the chemical and paper industries employing between them some 200 thousand persons. Copies of the press release, issued on 25 January 1966, are available on request.

note (1) page 42 Statistical Appendix, table 9, page 96.

note (2) page 42 Making allowance for the fact that 1964 output figures were for 53 weeks.

note (1) page 45 Here, even more than with cars, international trade in components may mean that the figures of the numbers of tractors exported are misleading. Ford imports axles and gearboxes from Antwerp, and exports engines, hydraulics and front suspensions to Antwerp for assembly there.

note (1) page 46 The general expectation in the industry was for a fall in output, of some 3 per cent.

note (1) page 48 National Institute Economic Review No. 31, February 1965, page 42, table 33 (noting that the word ‘Whisky ‘ in the table heading should be corrected to ‘Spirits’.)