HC Deb 09 March 1976 vol 907 cc174-5W
Mr. Hordern

asked the Chancellor of the Exchequer what was the average annual increase in 1964 to 1974 of gross fixed investment at 1970 market prices by manufacturing industry; and what was the average annual increase in manufacturing output on the same basis.

Mr. Denzil Davies

The gross fixed capital formation of manufacturing industry at 1970 prices rose on average by 2.9 per cent. a year, and the index of manufacturing production by 2.4 per cent. a year. The index of manufacturing production is measured at constant factor cost, not at constant market prices.

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