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Investment Statistics

Volume 129: debated on Thursday 10 March 1988

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To ask the Chancellor of the Exchequer what are the latest figures that he has for the current level of investment in (a) manufacturing industry and (b) the service sector.

Investment in manufacturing in 1987 is provisionally estimated to be 3½ per cent. higher than in 1986. Investment in the construction, distribution and financial industries is estimated to be 10 per cent. higher in 1987 than a year earlier. For these industries as a whole the volume of investment in 1987 was the highest level yet recorded.