§ Mr. Knoxasked the Secretary of State for Industry what has been the level of investment in manufacturing industry at 1965 prices in each year since 1945.
§ Mr. David MitchellStatistics of manufacturing investment are not compiled at 1965 prices. The figures given below have been derived by reducing the published 1975 price based series to 1965 price levels by applying a constant factor. This adjustment rescales the series to the general level of 1965 capital expenditure prices, but retains the year to year percentage movements of the original 1975 price series.
The table is from 1955, the earliest year for which this adjustment can be made.
Gross Domestic Fixed Capital Formation by Manufacturing Industry at 1975 prices resealed to 1965 prices £ million 1955 917 1956 1,063 1957 1,125 1958 1,065 1959 1,016 1960 1,183 1961 1,406 1962 1,299 1963 1,136 1964 1,283 1965 1,423 1966 1,460 1967 1,425 1968 1,521 1969 1,628 1970 1,754 1971 1,636 1972 1,415 1973 1,444 1974 1,588 1975 1,478 1976 1,403 1977 1,527 1978 1,617