§ 39. Mr. Michael Shaw
asked the President of the Board of Trade what is his estimate of capital investment by manufacturing industry and by the distributive and service industries, respectively, in 1968; and how this compares with the figures for 1966 and 1967.
§ Mr. Crosland
At constant prices, capital investment by manufacturing industry was 5 per cent. lower in 1967 than in 1966 and little or no change is expected in 1968. In the distributive and service industries there was a 3 per cent. rise between 1966 and 1967 and an increase of about 7 per cent. is expected between 1967 and 1968.