HC Deb 28 July 1983 vol 46 cc568-9W
Mr. Gould

asked the Secretary of State for Trade and Industry what was, in each year since 1953, the level of investment in British industry.

Mr. Butcher

Estimates at 1975 prices of the capital expenditure by the industries covered by the index of industrial production* for the years 1962 to 1982 and by manufacturing industry†— including leased assets — for the years 1955 to 1982 are shown in the following table. Corresponding figures for earlier years are not available.

Capital expenditure by industries covered by the index of industrial production (IOIP) and by manufacturing industry
£ million at 1975 prices
Year IOIP industries (of which) manufacturing
1955 n/a 2,183
1956 n/a 2,531
1957 n/a 2,680
1958 n/a 2,538
1959 n/a 2,420
1960 n/a 2,818
1961 n/a 3,350
1962 5,028 3,095
1963 4,978 2,706
1964 5,687 3,056
1965 6,179 3,390
1966 6,542 3,478
1967 6,714 3,400
1968 6,490 3,673
1969 6,378 3,952

Year IOIP industries (of which) manufacturing
1970 6,536 4,278
1971 6,079 4,018
1972 5,372 3,470
1973 5,685 3,615
1974 6,449 3,982
1975 6,940 3,710
1976 7,174 3,530
1977 7,089 3,742
1978 7,408 4,137
1979 7,442 4,439
1980 7,212 4,153
1981 6,712 3,593
1982 6,622 3,317
* Industry order groups II to XXI of the standard industrial classification (revised 1968).
† Industry order groups III to XIX of the standard industrial classification (revised 1968).