{
1
G.F. 326
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4
of 7% recorded for the whole of 1986. Thus, the
revival in investment intentions since the third
quarter of 1986 has continued into the first
quarter of 1987.
Table 3
Table 4
7.
Of the retained imports of capital goods in the first quarter of 1987, industrial machinery was the largest component (accounting for 26% of the total value), followed by transport equipment
(19%) and electronic components and parts for
computers (7%). The breakdown of retained imports
of capital goods in the first quarter of 1987 and
in 1986 as a whole are shown in Table 3, while the
growth rates in money terms for the various components of capital goods are shown in Table 4. Because of difficulties in compiling reliable price
indices as the product breakdown becomes more
disaggregated, growth rates in real terms are not
available for all the components. Caution should
be exercised in interpreting the figures in Table 4
as the increases in the prices of imported capital goods have generally been high since the first
quarter of 1986.
Table 2
8.
(c) Retained imports of industrial
machinery for use in the
manufacturing sector
Retained imports of industrial machinery
for use in the manufacturing sector grew in real
terms by about 24% in the first quarter of 1987
compared with the first quarter of 1986. The
corresponding growth rate for 1986 as a whole was
26%, after a decline of 4% in 1985 (Table 2).
suggests that the strong revival of investment in
This
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