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Plant And Machinery (Investment)

Volume 955: debated on Thursday 3 August 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 current member state of the EEC for which quarterly data is available in the Organisation for Economic Cooperation and Development publication "Quarterly National Accounts Bulletin" in each quarter since 1970, the proportion of the gross national product devoted to investment in plant and machinery.

Relevant information is published in the OECD bulletin for the United Kingdom only of EEC machinery as a percentage of gross domestic product at current prices, not seasonally adjusted is shown below:

Per cent
1971
Quarter 19·5
Quarter 28·4
Quarter 38·6
Quarter 48·6
1972
Quarter 19·3
Quarter 28·2
Quarter 38·1
Quarter 48·4
1973
Quarter 19·6
Quarter 28·4
Quarter 38·5
Quarter 49·3
1974
Quarter 110·0
Quarter 28·9
Quarter 38·5
Quarter 49·6
1975
Quarter 19·4
Quarter 28·1
Quarter 38·8
Quarter 48·1
1976
Quarter 19·0
Quarter 28·1
Quarter 38·4
Quarter 48·8
1977
Quarter 19·4
Quarter 28·4
Quarter 38·8
Source: OECD Quarterly National Accounts.