§ Mr. Hunterasked the Chancellor of the Exchequer (1) in percentage terms, what has been the increase or decrease in investment in manufacturing industry and the output of manufacturing industry each year since 1975;
(2) what has been the value, in real terms, of investment in manufacturing industry and the output of manufacturing industry in each year since 1975.
§ Mr. ButcherI have been asked to reply.
The information is given in the following table. Investment includes the estimated volume of assets leased from financial industries. The investment data are expressed in constant (1980) prices. Output data are available only in index number form.
100W
Year Investment by manufacturing industries Output of manufacturing industries Amount (£ million) Change on preceding year (per cent.) Index number (1980=100) Change on preceding year (per cent.) 1975 7,136 .. 105.0 .. 1976 6,839 -4.2 107.0 +1.9 1977 7,254 +6.1 109.0 +1.9 1978 7,904 +9.0 109.7 +0.6 1979 8,230 +4.1 109.5 -0.2 1980 7,314 -11.1 100.0 -8.7 1981 5,698 -22.1 94.0 -6.0 1982 5,598 -1.8 94.2 +0.2 1983 5,557 -0.7 96.9 +2.9 1984 6,372 +14.7 100.7 +3.9 1985 6,776 +6.3 103.8 +3.1