| dc.description |
Production movements are analysed statistically according
to the contribution of changes in, productivity within industries and
activities, employment, and the re-distribution of employment between
industries and activities, both singly and in combination.
When applied in turn to the Index of Gross Domestic Product and the index
of Manufacturing Production for the period 1948-55, the main contributors
to increased output are seen to be improved productivity and
higher employment levels. The Index of Gross Domestic Product
increased by 27% during the period, the main contributors accounting
for 67% and 22% of the value respectively. In the case of Manufacturing
industry they accounted for 57% and 32% respectively, of the
42% increase in output. Significantly, a11 of the increase in
employment went into manufacturing industries. The movements for
the individual broad groups of industries and activities contributing
to the indices were very varied so that a relatively small section of
the economy accounted for a large proportion of the overall increase
in production and productivity. |
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