Industrial production moved down a point in December, taking the provisional index figure back to its October level of 115, on a seasonally adjusted basis, Taking 1962 as a whole the all—industries figure averaged 115 against a figure of 114 for 1961, Arrigo ag small as this falls far short of tke National Economie Development target for an average rate of growth of 4% between 1961 and 1966, Its interesting to note that these figues include partofths severe winter period, during which production in the coal, gas and electricity supply unions has pons to record levels. The rise here has been more than off-set by the sharp fall in the output figures of the construction industries, A comparison between the four months September to December and the preceding four months shows that tho average was between 0.5 per cent and 1 per cont below the average for May to August. The drop in the all-industries index to a provisional 115, is matched by a similar fall in the mamifacturing industries index, also to 115
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