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Chapter III. Production

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  • Anonymous

Abstract

The industrial production index gave a rather misleading impression of stagnation in the middle of the year. There had been a sharp rise from the fourth quarter of 1963 to the first quarter of 1964; then the index was flat for two quarters; and finally in the fourth quarter there was another substantial jump. This made the increase during the year (between the fourth quarter of 1963 and 1964) 5½ per cent. For the year as a whole industrial production was 7½ per cent higher than in 1963. This apparent slowing-down in the middle of the year was probably partly genuine —there is some evidence for it in the estimates from the side of expenditure (page 5)—and partly probably a change in seasonal patterns.

Suggested Citation

  • Anonymous, 1965. "Chapter III. Production," National Institute Economic Review, National Institute of Economic and Social Research, vol. 31, pages 31-43, February.
  • Handle: RePEc:cup:nierev:v:31:y:1965:i::p:31-43_4
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