§ Mr. Peter Bottomleyasked the Secretary of State for Industry (1) what has been the amount of investment in manufacturing industry for each year since 1970; and if he will also express this data (a) as net fixed capital formation after allowing for capital consumption and (b) in 1970 prices;
(2) what has been the amount of investment in manufacturing industry for each year since 1970; what has been the amount net of investment in petroleum and natural gas for each year since 1970; and if he will also express the data in 1970 prices.
Mr. Alan WilliamsThe latest estimate of gross domestic fixed capital formation in manufacturing industry for 1977 is £1,775 million at 1970 prices and £4,900 million at current prices; an estimate of net domestic fixed capital formation in566W 1977 is not yet available. For earlier years, I would refer the hon. Member to "National Income and Expenditure 1966–76"—the National Income Blue Book—tables 10.7, 10.8, 11.7 and 11.8. Figures at 1970 prices for investment in petroleum and natural gas—not included in the figures for manufacturing industry—are given in the "Monthly Digest of Statistics", December 1977, Table 1.7.
§ Mr. Peter Bottomleyasked the Secretary of State for Industry if he will publish in the Official Report an index of gross fixed capital formation for each year since 1970, taking 1970 as 100.
Mr. Alan WilliamsThe information is as follows:
Index of Gross Fixed Capital Formation at 1970 prices, 1970=100 Total* Manufacturing industry only 1970 100.0 100.0 1971 102.4 93.5 1972 103.6 81.7 1973 108.5 82.3 1974 108.8 95.2 1975 106.4 81.9 1976 102.9 77.9 1977† 95.1 81.8 * Covering all sectors of the economy: that is, the total gross domestic fixed capital formation contributing to gross domestic product at market prices. † January-September seasonally adjusted, at annual rate.