Abstract
Because of the disturbances caused to the quarterly figures by the dock strike last year and the Ford and postal strikes earlier this year, a more reliable picture of the underlying movement of the various items of expenditure is given by a comparison of the half-yearly totals. This applies especially to stockbuilding which, on this occasion, contains particularly large quarterly movements in the discrepancy between the expenditure estimate of gross domestic product and our own ‘compromise’ estimate. Within the half years, however, these movements probably largely cancel out.
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