Industry intangible investment
Table 3 reports tangible and intangible investment by industry for 1997–2005. Finance
and manufacturing invest very strongly in intangibles relative to tangibles: in both sectors,
intangible investment is three times that in tangibles. It is interesting to note in passing that
this raises important questions on how to classify manufacturing since it is undertaking a
very good deal of intangible activity (manufacturing own-account intangible investment
is 15% of value added by 2007 for example).