The latest official figures show an increase in car production in the second half of last year. Total production in the UK was up 9.7% in the six months ending January 1997, compared to the previous six months, and up 18% on a year ago.
Production allocated for export rose by 40.3% but home production fell by 1.9%. Commercial vehicle production rose by smaller margins – for the six months ending January 1997, up 0.6% on the previous six months and 8% on a year ago.
Rising demand for graduates is failing to push up starting salary levels faster than general pay, says research from Incomes Data Services. New first degree graduates are likely to earn an average £15,500 this year, up 3.4% on 1996. Average starting salaries in manufacturing are expected to be £15,543 up to a £18,000 maximum. Top starting salaries in other sectors could reach £22,000. More than 70% of new graduates will earn between £14,000 and £17,000.
Global telecoms trade continues to rise, passing $100bn last year. Figures from the International Telecommunication Union show industry sales at $788bn in 1995. Global exports of equipment were valued at $58bn, up 20% over the previous year.