§ Mr. Austin MitchellTo ask the President of the Board of Trade what was, in the constant prices, investment in new plant and machinery per manufacturing employee in each year since 1973; and what is his estimate of the proportion invested in(a) replacing labour and (b) increased capacity. [9796]
§ Mr. OppenheimThe level of investment in plant and machinery per employee in constant prices for manufacturing industry are shown in the table. Consistent figures for manufacturing employment are not available before 1978. The data do not distinguish the reason for the investment.
792W
Manufacturing investment in plant and machinery per manufacturing employee at 1990 prices £ 1978 1,395 1979 1,486 1980 1,441 1981 1,278 1982 1,322 1983 1,408 1984 1,694 1985 1,976 1986 2,017 1987 1,869 1988 2,299 1989 2,473 1990 2,437 1991 2,393
Manufacturing investment in plant and machinery per manufacturing employee at 1990 prices £ 1992 2,331 1993 2,266 1994 2,405 Standard Industrial Classification 1992 Section D. Employee figures are for June each year.