§ 36. Mr. Austin Mitchell
asked the Secretary of State for Industry what is his estimate of the decline in non-oil industrial investment in 1980 compared with 1979 and 1978.
§ Mr. Michael Marshall
asked No estimate is available for the index of production industries excluding petroleum and natural gas.
The Department's investment intentions survey covers manufacturers' investment which accounts for some 70 per cent. of investment by the index of production industries, excluding petroleum and natural gas. The survey published in January shows a likely 6 per cent to 10 per cent. fall in the volume of manufacturers' capital expenditure in 1980 compared with the level in 1979, which was much the same as in 1978.