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- UK
Main Indicator: Business Investment q/q
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| -1.3% | -0.2% | -0.2% | N/A | ||
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Revised Version for 3rd Quarter.
Provided by: Office for National Statistics
Business Investment y/y: -0.1%, prel. -0.5%, pr. 1.2% (2Q), 4.5% (1Q),
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Table of Past Data
| 11/22 | 12/18 | 2/26 | 3/27 | 5/22 | 6/26 | 8/21 | 9/30 | 11/25 | 12/19 | ||
| Actual | 0.0% | 2.0% | -0.5% | 1.8% | -1.4% | -1.8% | -1.9% | -1.0% | -0.2% | -1.3% | |
| Forecast | 1.0% | 0.0% | 1.0% | -0.5% | 0.4% | -1.7% | -0.7% | -1.9% | -1.8% | -0.2% | |
| Previous | 0.4% | 0.0% | 2.0% | -0.5% | 1.8% | -1.4% | -1.8% | -1.9% | -1.0% | -0.2% | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| -0.2% | -1.8% | -1.0% | N/A | ||
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Preliminary Version for 3rd Quarter.
Provided by: Office for National Statistics
Business Investment y/y: -0.5%, forecast -2.2%, pr. 1.2% (2Q), 4.5% (1Q),
Figures on business investment surprised forecasts on the upside, decreasing only 0.2%, when expectations had investment dropping by 1.8%. Still, its the 3rd quarter that businesses have scaled back investment in the face of sharply weakening demand, rising levels of spare capacity, worsening cash flows and very tight credit conditions, deteriorating profitability, and serious concerns and uncertainties about the potential length and depth of the recession. |
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | -1.9% | -1.9% | N/A | ||
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Final Version for 2nd Quarter.
Provided by: Office for National Statistics Business Investment y/y: 1.2%, forecast 1.9%, prelim. 1.9%, pr. 4.5% (1Q), 3.7%
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Actual | Forecast | Previous | Revised Form | |
| -1.9% | -0.7% | -1.8% | N/A | ||
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Preliminary Version for 2nd Quarter.
Provided by: Office for National Statistics Business Investment y/y: 1.9%, forecast 3.1%, pr. 4.5% (1Q), 3.7% Business investment fell 1.9% in the 2nd quarter compared with the first, sharper than the 0.7% fall expected by economists. With businesses facing some of the stiffer costs of raw material costs and higher energy, they are scaling back their spending on heavy equipment and other investment. Sales are expected to cool as the economy is in the midst of a serious correction. The worse than expected result here will most likely have an impact on the GDP for the 2nd quarter which will most likely have to be revised down from its initial estimate. |
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Actual | Forecast | Previous | Revised Form | |
| -1.8% | -1.7% | -1.4% | N/A | ||
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Revised Final Version for 1st Quarter.
Provided by: Office for National Statistics Business Investment y/y: 4.5%, forecast 3.7%, pr. 3.7%
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Actual | Forecast | Previous | Revised Form | |
| -1.4% | 0.4% | 1.8% | N/A | ||
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Preliminary Version for 1st Quarter.
Business Investment y/y: 3.7%, forecast 5.5%, pr. 5.3% Spending by businesses in the UK for investment took a pretty steep hit in the 1st quarter. Compared to the 4th quarter, investment was down 1.4%, and the annual pace cooled to 3.7%. Both figures were far below forecasts.
From the Release: "
Business investment for the first quarter of 2008 was 1.4 per cent lower than the previous quarter and is estimated to be 3.7 per cent higher than the same period of last year. The
quarterly fall in business investment of 1.4 per cent is largely due to
decreased capital spending by industries classified as private sector
non-manufacturing distribution (down 8.3 per cent) and by private
sector manufacturing (down 5.0 per cent).
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Actual | Forecast | Previous | Revised Form | |
| 1.8% | -0.5% | -0.5% | N/A | ||
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Revised Version for 4th Quarter.
Business Investment y/y: 5.3% (rev. from 1.7% estimate) Business Investment rose 1.8% in the 4th quarter of 2007, a sharp revision for the previously given estimate of -0.5%. This release may have an effect on GDP values we will see from the UK on Friday. The better than expected spending on business investment may imply that the UK economy may face only a modest slowdown as a result of higher prices for credit. The bank of England will be ready to cut rates in order to stimulate growth. Manufacturing investment rose by 3.2% from the 3rd quarter, while service providers increased spending by 2.1%. From the Release: "Business investment for the fourth quarter of 2007 is estimated to be 5.3 per cent higher than the same period of last year, and 1.8 per cent higher than the previous quarter. |
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Actual | Forecast | Previous | Revised Form | |
| -0.5% | 1.0% | 2.0% | N/A | ||
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Provisional estimate for 4th Quarter.
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Actual | Forecast | Previous | Revised Form | |
| 2.0% | 0.0% | 0.0% | N/A | ||
| Final Version for 3rd Quarter | |||||
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 1.0% | 0.4% | N/A | ||
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Provisional estimate for 3rd Quarter. Office for National Statistics Business Investment y/y: 4.6% (3rd Q), forecast 6.1%, pr. 7.8% (2nd Q) The third quarter captured the effects of the credit crunch on UK business investment. August experiences worldwide market turmoil that led to a rise in the cost of credit. The flat reading quarter-over-quarter reflects the weaker level of business investment afterwards. Credit costs are still elevated, and lower investment may continue into the 4th quarter. The quarterly rise was led by engineering and vehicles, metals, chemicals, and textiles and clothing. There was reduced investment in the energy and food and tobacco industries. |
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