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Chapter II. Industrial Production

Published online by Cambridge University Press:  26 March 2020

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Extract

Industrial production has remained relatively depressed in the first six months of this year. The recovery from the dip in output in the third quarter of last year extended for only one quarter, so that output in the second quarter was no higher than the end-1976 figure. The pattern of output over the last few years is shown in chart 1. Industrial output is now only 3 per cent above its level in 1970 and is still 7 per cent below its peak level in 1973.

Type
Articles
Information
National Institute Economic Review , Volume 81 , August 1977 , pp. 21 - 29
Copyright
Copyright © 1977 National Institute of Economic and Social Research

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References

Notes

note (1) in page 21 It is important to note that the index of engineering production has recently been revised due to changes in methodology (see Economic Trends, May 1977). The revised series used here therefore differs from figures used in previous Reviews.