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| Statistical Bulletin: NO IND/1999/C1.9 |
| 7. Investment |
| 7.1 Net capital expenditure by the Scottish electronics industry totalled £457.4 million in 1996. Of this total, the largest spend was by the electronic components sector, which accounted for 74 per cent, an increase of 6 percentage points on its share in 1995. In 1996, investment shares by data processing equipment rose from 17 to 20 per cent whilst other electronics fell from its 1995 level of 13 per cent to 4 per cent in 1996. Electronic instrument engineering maintained its 2 per cent share (see Table 7). |
| TABLE 7: NET CAPITAL EXPENDITURE(1) , BY ELECTRONICS GROUPS AND TOTAL MANUFACTURING(3) ,1992-1996 |
£m (Current Prices) |
Year |
Data Processing |
Electronic |
Electronic |
Other |
Total |
Total |
| 1992 | 46.0 |
62.4 |
6.9 |
13.8 |
129.1 |
1,134.6 |
| 1993 | 66.7 |
118.2 |
5.7 |
55.1 |
245.6 |
1,093.4 |
| 1994 | 151.9 |
161.0 |
9.5 |
63.0 |
385.4 |
1,250.5 |
| 1995 | 113.8 |
450.3 |
11.8 |
89.4 |
665.2 |
1,645.6 |
| 1996 | 92.9 |
336.9 |
11.0 |
16.7 |
457.4 |
1,729.3 |
| Source: Scottish Production Database (SPD) |
| Notes 1. Values in current prices. 2. See Annex for recalculation of Net Capital Expenditure. 3. For definitions of sectors see Annex, "Statistical notes and definitions". |
| 7.2 In 1996, net capital expenditure by the electronics industry fell for the first time in four years, with the latest figure showing a decrease of 31 per cent on the previous year. This compares to an increase of 30 per cent in non-electronics manufacturing industries between 1995 and 1996. The electronics share of Scottish manufacturing investment fell from its highest share of 40 per cent in 1995 to 26 per cent in 1996. |
| 7.3 In 1996, overseas-owned companies accounted for 88 per cent of investment by Scottish electronics industries. Between 1995 and 1996, investment by overseas-owned and UK-owned electronics companies fell by 33 per cent and 17 per cent respectively (see Table 8). |
| TABLE 8: NET CAPITAL EXPENDITURE AS A PROPORTION OF GVA , BY OWNERSHIP, 1992-96 |
£m (Current prices) |
| Year | Net Capital Expenditure(3) |
Net Capital Expenditure As a Proportion of GVA |
||||||||
Electronics |
Non-Electronics |
Electronics |
Non-Electronics |
|||||||
UK- |
Overseas- |
UK- |
Overseas- |
UK- |
Overseas- |
Total |
UK- |
Overseas- |
Total |
|
| 1992 | 38.5 |
90.7 |
814.6 |
190.9 |
10.7 |
13.8 |
12.7 |
13.6 |
10.0 |
12.7 |
| 1993 | 34.9 |
210.7 |
606.8 |
241.0 |
9.6 |
24.0 |
19.8 |
10.1 |
13.0 |
10.8 |
| 1994 | 44.4 |
341.0 |
676.4 |
188.8 |
10.2 |
21.4 |
19.0 |
10.1 |
9.5 |
10.0 |
| 1995 | 63.6 |
601.6 |
783.0 |
197.4 |
11.5 |
34.7 |
29.1 |
11.7 |
9.3 |
11.1 |
| 1996(1) | 53.0 |
404.4 |
1,010.3 |
261.6 |
12.0 |
23.5 |
21.1 |
13.7 |
10.8 |
12.9 |
| 1996(2) | 53.0 |
404.4 |
1,010.3 |
261.6 |
11.8 |
23.0 |
20.7 |
13.3 |
10.6 |
12.7 |
| Source: Scottish Production Database (SPD) |
| Notes 1. Figures calculated using Net Capital Expenditure and Gross Value Added at Factor Cost. This is consistent with 1992-95 figures. 2. Figures calculated using Net Capital Expenditure and Gross Value Added at Basic Prices. 3. Values in current prices. 4. See Annex for recalculation of net capital expenditure |
| 7.4 In 1996, net capital expenditure by the electronics industry was equivalent to 21 per cent of GVA. This compared favourably with non-electronics industries, where net capital expenditure was equivalent to 13 per cent of GVA. In 1996, overseas-owned electronics companies invested 24 per cent of GVA, whilst UK-owned electronics companies invested 12 per cent of GVA. (Figures calculated for 1996 using GVA at basic prices show the same trends). |
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