More R&D funds in '83
Barrington, Ill. — Funds for research and development will climb 9 percent to $83.8 billion in 1983, says Industrial Research and Development, a Dun & Bradstreet newsletter. This is below the 11.6 percent increase forecast for 1982.
Aside from R&D funding provided by the government, industry itself will increase its R&D funds by 9.7 percent to $60.9 billion. Some sectors, like energy, basic metals, and automobiles, will not add enough funding to cover inflation. But pharmaceuticals, chemicals, instruments, and electrical equipment will provide enough funds to ensure real growth, the report says.