Dáil Éireann díospóireacht -
Thursday, 30 Nov 1972

Vol. 264 No. 3

Ceisteanna—Questions. Oral Answers. - Economic Indicators.

9.

Mr. Donegan

asked the Taoiseach if he will quote the UK economic indicators, as given in a newspaper (details supplied) of 16th November, and this country's comparative figures in respect of the following: (a) wage rates base July 1972 = 100 (b) retail price base January 1962=100 (c) terms of trade base 1961 = 100 and (d) industrial output base 1963=100.

Parliamentary Secretary to the Taoiseach (Mr. Andrews)

With your permission, a Cheann Comhairle, I propose to circulate in the Official Report a statement giving the information requested by the Deputy in so far as it is available.

Following is the statement:

I.—UK Economic indicators (as quoted in the November 16th edition of the Financial Times).

Item	Base	Sept. 1972	Aug. 1972	July 1972	Sept. 1971	Aug. 1971
(a) Wage rates (all industries and services)	July 1972 = 100	106.6	103.5	100	90.4	89.9
(b) Retail prices	January 1962=100	166.4	165.4	164.2	155.5	155.3
(c) Terms of trade	1961 = 100	110	112	111	109	109
(d) Industrial Output (seasonally adjusted)	1963 = 100	130.3	130.1	131.0	125.5	125.7

II.—Irish data

Note:—

The series under (a), (b) and (d) are compiled on a quarterly basis only.

(a) Indexes of average hourly earnings in Transportable goods Industries (a corresponding series for wage rates is not available).

rebased to mid-June	1972=100
mid-March	1972=97.3
mid-December	1971=92.9
mid-September	1971=90.5
mid-June	1971=87.8

(b) Consumer Price Indexes.

rebased to mid-February	1962=100
mid-August	1972=181.0
mid-August	1971=166.3

(c) Terms of Trade Indexes.

rebased to	1961=100
August	1972=119.0
July	1972=117.9
September	1971=110.3
August	1972=107.9
July	1972=108.5

(d) Indexes of Volume of Production for Transportable goods Industries.

rebased to	1963=100
Second quarter	1972=175.5
First ,,	1972=158.1
Fourth ,,	1971=170.9
Third ,,	1971=161.8
Second ,,	1971=170.4

NOTE: These are not seasonally adjusted indexes.