a. erat eee oF ‘245 UK companies whose annual reports were included in tho uxchange Telegraph service during October reached a combined total of £35.4 millions, or 20 per cent more than tho same companies reported in the previous your. The rise is by far the largest in any month of tho praesent recovery phasa. In September, the rise on the previous yoar was 11 per cent tut in all other months since February of this year the increase over the corresponding 1962 month was under 54 per cent, In January, profits wero actually 15 per cent down on the provious year, reflacting the dismal oxperience of steel and motors in the recession,
The net profits of 3,406 companies which reported during the 10 months to October amounted to £1,294 millions, a rise of 2,8 per cant on the profits of the same companies in tho previous year. With every month now, company reports will refledt more of the economic recovery which for some industries began a yoar ago, but for others only in ths second quarter of this year,
The Ministry of Labour Gazette of October 1963 gave the yoarly figurss in tho Table below supplied by the International Labour Offica and show the number of days lost through industrial disputes per 1,000 persons employet,in a number of countries including the United Kingdom, in the last ten years; The industries covered aro mining, manufacturing, construction and transport, As the definitions used for these statistics vary from country to country too much significance should not b attached to relatively small differences in the figures,
Average for
1959 1960 1961 19€2 195%1957 1958-1962 19531962 Justralia 209 380 340 280 556 290 423 Belgium 440 210 60 160 824 204 514 Canada 310 310 500 440 664 556 620 Denmark 30 100 3,340 30 306 704 505 Finland 610 130 50 30 196 176 186 France 280 160 350 240 550 238 394 West Gormany o “ = 30 122 16 69 India 770 770 600 530 782 732 Y wy: Iroland 270 140 540 86290 300 320 310 Italy 1,020 540 830 2,200 588 1,012 800 Japan 520 350 430 350 446 434 440 Notherlands 10 260 10 ~ 48 60 54 New Zealand 90 100 100. “250 91 120 105.5 Norway BO ~ 570 130 353 164 258.5 Sweden 10 10 - = 69 6 37 Switzerland - - = - li - 8.5 South Africa 10 - 40 - 5 10 ts United Kingdom 420 240 220 0 =©=©450 282 318 300 TA 2,770 750 650 740 998 1,188 1,093