§ Mr. Nobleasked the Chancellor of the Exchequer what was the level of manufacturing investment in the United Kingdom, Germany, France, the USA and Japan each year since 1960, expressed in £ sterling at 1970 prices.
§ Mr. Denzil DaviesThe United Kingdom apart, France is the only country of those listed in the Question which provides constant price estimates of investment in manufacturing industries. Their estimates go back to 1970 only.
GROSS DOMESTIC FIXED CAPITAL FORMATION IN MANUFACTURING INDUSTRY* AT 1970 PRICES 1970 = 100 United Kingdom France £ million Francs million 1970 2,047 100.0 50,200 100.0 1971 1,872 91.5 55,082 109.7 1972 1,637 80.0 57,980 115.5 1973 1,832 89.5 57,950 115.4 1974 1,979 96.7 60,896 121.3 1975 1,684 82.3 — — * For consistency with the estimates supplied by both countries to the EEC, manufacturing is denned to exclude the industry group "coal and petroleum products". Sources: The Statistical Office of the European Communities National Accounts Yearbook 1970–74 and, for 1975, United Kingdom national accounts adjusted to the international definition.