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Chapter III. Industrial Production

Published online by Cambridge University Press:  26 March 2020

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Extract

The industrial situation in 1971 was characterised by exceptionally slow growth in most sectors, by stagnation and decline in a few; by a drop in the high level of strike activity, though not in all sectors; by rapidly rising unemployment, particularly during the second half of the year; and by some signs, during the last few months, of a modest slowing down of the high rate of wage inflation which prevailed in 1970 and most of 1971. The small increase in production and the substantial fall in the number of people in work were accompanied by an unusually large increase in output per head (table 1).

Type
Articles
Information
National Institute Economic Review , Volume 59 , February 1972 , pp. 38 - 47
Copyright
Copyright © 1972 National Institute of Economic and Social Research

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References

Note (1) page 38 See pages 46-47.

Note (2) page 38 National Institute Economic Review no. 55, February 1971 page 52.

Note (1) page 43 NEDO, ‘Convenience foods in catering’, December 1971.

Note (2) page 43 See National Institute Economic Review no. 55, February 1971, page 58, chart 4.

Note (1) page 44 Some aspects of the impact of the strike are discussed on page 30.