14
27.
Unfortunately
we do not have a reliable
measure of private plant and machinery investment in
the first half of this year, but the figures for
imports of capital
retained
indirect indicator.
goods do provide an
Overall retained imports of
capital goods fell in the first half of this year. A
more detailed look at the figures, however, shows
that, although retained imports of non-industrial
machinery have fallen, retained imports of industrial
machinery, the sort of machinery that manufacturers
buy, have
have increased sharply (2), consistent with the
increase in domestic exports.
་
(2)
Retained imports of capital goods in the first half of 1986 :
Value ($mn)
Increase (%)
Industrial machinery
2,695.4
41.4
Transport equipment Construction equipment Other capital goods
1,097.1
-4.6
195.3
30.3
6,332.8
10.4
Total
10,320.5
15.4
(-5% in real terms)
/28. Investment
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