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Investment (Manufacturing Industry)

Volume 952: debated on Friday 23 June 1978

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asked the Secretary of State for Industry if he will publish in the Official Report a table showing for each year since 1945 in terms of 1976 prices the proportion of the gross national product devoted to investment by manufacturing industry.

asked the Secretary of State for Industry if he will publish in terms of both current prices and revalued at 1970 prices the proportion of the gross national product devoted to investment by manufacturing industry in 1977.

Figures are not available at 1976 prices but are given below at current prices for 1948 onwards and at 1970 prices for 1955 onwards:

CAPITAL EXPENDITURE BY MANUFACTURING INDUSTRY AS PERCENTAGE OF GROSS NATIONAL PRODUCT AT MARKET PRICES
Current prices1970 prices
19482·7Not available
19493·0
19503·3
19513·5
19523·5
19533·2
19543·2
19553·53·2
19564·03·7
19574·23·8
19583·93·6
19593·63·3
19604·03·7
19614·54·2
19624·13·9
19633·53·3

ferences in the structure and organisation of the steel industry in the various countries as well as practical differences in the collection of the information.

It would be very misleading therefore to use the figures to make direct comparisons between countries.

19643·73·5
19653·93·8
19664·03·8
19673·73·6
19683·63·6
19694·04·0
19704·14·1
19713·83·8
19723·23·2
19733·13·0
19743·83·4
19753·33·0
19763·22·8
19773·53·1

Note: The figures for 1968 and 1969 have been adjusted to transfer from 1968 into 1969 the capital expenditure brought forward to secure the higher rate of investment grant operating up to 31st December 1968.