Abstract
The Scottish index of industrial production has now been revised to base 1975 = 100, following a similar revision to the UK index. The index for all industries (excluding oil) reveals the very poor performance of the Scottish economy during 1978. Between the first and fourth quarters of 197S, this index fell from 100.7 to
99.5. Thus, Scottish production in the final quarter of 1978, a year in which the UK economy was thought to have staged some sort of recovery, was actually less than average quarterly production in 1975. In the UK, industrial production (excluding oil)
rose from a n index level of 102.2 to 103.4 between the first and fourth quarters of 1978 - a considerably better performance than that in Scotland.
99.5. Thus, Scottish production in the final quarter of 1978, a year in which the UK economy was thought to have staged some sort of recovery, was actually less than average quarterly production in 1975. In the UK, industrial production (excluding oil)
rose from a n index level of 102.2 to 103.4 between the first and fourth quarters of 1978 - a considerably better performance than that in Scotland.
| Original language | English |
|---|---|
| Pages (from-to) | 5-26 |
| Number of pages | 20 |
| Journal | Quarterly Economic Commentary |
| Volume | 5 |
| Issue number | 1 |
| Publication status | Published - Jul 1979 |
Keywords
- Scottish economic trends
- Scottish industrial performance
- Scottish gross domestic product (GDP)
- employment patterns
- business confidence
- labour market trends
