ACCORDING to the National Economic Development Office's "Annual statistical survey of the electronics industry," published on Monday, the gross output of the
So starts a story in the July 16 1969 edition of Electronics Weekly.
The survey reveals that this record output was achieved despite almost static sales to the industry's largest customer, the defence forces, to whom sales of capital equipment increased by only £18 million to £142 million.
One disquieting feature of the industry performance during the year was that while output, exports and re-exports were each up by 19 per cent, there was a 30 per cent increase in our imports bill.
The survey says that the rapid growth of imports can be attributed to a sharp increase in demand for active components, an across-the-board increase for consumer goods, and a continuation of the upward trend in computer imports.
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