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Business investment in 1984 rose by 15 per cent in real terms to reach an alı
high Manufacturing investment in 1984 rose by 141 per cent. Investment in construction service industries up by 15 per cent to reach an all time high.
Overseas Trade
•
1984 fifth successive year of current account surplus. Invisible surplus an all time
record of £5.0 billion. Non-oil export volumes (excluding 'erratic' items) up 91 per cent in 1984 to reach an all time high. Manufacturing exports grew by 11 per cent the biggest year on year increase since the early 1970's. In the three months to July 1985 non oil
exports were 11 per cent up on one year ago and manufacturing exports were 13 per cent up.
Inward Investment
Nearly 30,000 jobs created in 1984 as a result of inward investment-up 86 per cent on 1983 figure.
Prospects
CBI Monthly Trends Enquiry of manufacturing industry (August) pointed to further
growth in manufacturing output. The balance of firms expecting to raise prices was around the lowest balance ever recorded since these enquiries began.
Latest CBI Staff Forecasts project:
manufacturing output to increase by 21 per cent in 1985, and 11 per cent in 1986.
manufacturing investment to increase by 11 per cent in
in 1985, and a further 6 per cent in 1986.
DTI Investment Intentions Survey (June Survey) pointed to:
(i)
10 per cent increase in manufacturing investment in 1985.
(ii)
7 per cent increase in construction and service industry investment.
(iii) Business Investment in 1985 expected to rise by 8 per cent to beat 1984's all time
high.
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