Chapter II. Industrial Production

Anonymous

National Institute Economic Review, 1978, vol. 85, 15-19

Abstract: Industrial production in the first five months of this year showed a moderate increase, with output growing by about 1 per cent over the same period last year and by about 1 1/2 per cent over the average for 1977. The figures for May, however, seem erratically low with perhaps a failure to adjust fully for the changes in the timing of Bank Holidays this year. The underlying trend rate of growth may therefore be higher than the rates given above.

Date: 1978
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