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Indicator Digest

Business Investment
  • UK

Main Indicator: Business Investment q/q

Most Recent Release

February
25th, 2010
Actual Forecast Previous Revised Form
-5.8% 0.2% -0.6% N/A
Preliminary Version for 4th Quarter
Provided by: Office for National Statistics

Bus. Inv.y/y: -24.1%, forecast -18.5%, pr. -19.9% (3Q),
-21.8% (2Q), -9.7% (1Q), -4.5% (4Q), -0.1% (3Q), 1.2% (2Q)

Table of Past Data

12/192/243/265/216/308/279/2511/2412/182/25
Actual-1.3%-3.9%-1.5%-5.5%-7.6%-10.4%-10.2%-3.0%-0.6%-5.8%
Forecast-0.2%-4.2%-3.9%-4.0%-5.5%-3.6%-10.4%-3.5%-2.8%0.2%
Previous-0.2%-1.3%-3.9%-1.5%-5.5%-7.6%-10.4%-10.2%-3.0%-0.6%
Revised FromN/AN/AN/AN/AN/A-5.5%N/AN/AN/AN/A

Past Releases

December
18th, 2009
Actual Forecast Previous Revised Form
-0.6% -2.8% -3.0% N/A
Final Version for 3rd Quarter
Provided by: Office for National Statistics

Bus. Inv.y/y: prel. -21.7% pr. -21.8% (2Q), -9.7% (1Q),
-4.5% (4Q), -0.1% (3Q), 1.2% (2Q), 4.5% (1Q), 3.7% (4Q)

November
24th, 2009
Actual Forecast Previous Revised Form
-3.0% -3.5% -10.2% N/A
Preliminary Version for 3rd Quarter
Provided by: Office for National Statistics

Bus. Inv.y/y: -21.7%, forecast -22.9%, pr. -21.8% (2Q), -9.7% (1Q),
-4.5% (4Q), -0.1% (3Q), 1.2% (2Q), 4.5% (1Q), 3.7% (4Q)

September
25th, 2009
Actual Forecast Previous Revised Form
-10.2% -10.4% -10.4% N/A
Revised Version for 2nd Quarter
Provided by: Office for National Statistics

Business Investment y/y: -21.8%, prel. -18.4%, pr. -9.7% (1Q),
-4.5% (4Q), -0.1% (3Q), 1.2% (2Q), 4.5% (1Q), 3.7% (4Q)

August
27th, 2009
Actual Forecast Previous Revised Form
-10.4% -3.6% -7.6% -5.5%
Preliminary Version for 2nd Quarter
Provided by: Office for National Statistics

Business Investment y/y: -18.4%, forecast -12.2%, pr. -9.7% (1Q),
-4.5% (4Q), -0.1% (3Q), 1.2% (2Q), 4.5% (1Q), 3.7% (4Q)

UK business investment fell further in the 2nd quarter, declining 10.4% compared to the 1st quarter when investment slid a downwardly revised 7.6%. The drop in capital expenditure was the steepest drop since 1985. Compared to a year ago, investment fell 18.4%, the biggest drop since 1967. Firms, dealing with weak demand and difficulties in getting credit, are cutting back on capital spending which is translating to increased job cuts. Manufacturing investment was down 17.7% compared with the first three months of this year, and 18.4% lower on the year. It's another piece of data that will pressure the UK Pound, which has been falling recently.

June
30th, 2009
Actual Forecast Previous Revised Form
-7.6% -5.5% -5.5% N/A
Final Version for 1st Quarter.
Provided by: Office for National Statistics

Business Investment y/y: -9.7%, prelim. -6.8%, pr. -4.5% (4Q),
-0.1% (3Q), 1.2% (2Q), 4.5% (1Q), 3.7% (4Q)

May
21st, 2009
Actual Forecast Previous Revised Form
-5.5% -4.0% -1.5% N/A
Preliminary Version for 1st Quarter
Provided by: Office for National Statistics

Business Investment y/y: -6.8%, forecast -5.9%, pr. -4.5% (4Q '08),
-0.1% (3Q), 1.2% (2Q), 4.5% (1Q), 3.7% (4Q '07)

UK business investment fell 5.5% in the first quarter, preliminary data showed. That was a sharp contraction that outpaced the 1.5% fall in the 4th quarter. On the year investment was down 6.8%. Both figures came in below expectations and show the strains UK firms are under, with manufacturing particularly hard hit. Lower investment adds to weaker growth in the short term, while also setting up the possibility that when a rebound happens that British businesses may lack adequate capacity to meet demand.

March
26th, 2009
Actual Forecast Previous Revised Form
-1.5% -3.9% -3.9% N/A
Final Version for 4th Quarter.
Provided by: Office for National Statistics

Business Investment y/y: -4.5%, prel.-7.7%, pr. -0.1% (3Q), 1.2% (2Q),
4.5% (1Q), 3.7% (4Q)

UK business investment declined 1.5% q/q in Q4 2008, according to final data from the Office for National Statistics, revised from a previously reported 3.9% q/q decrease. Business investment fell 4.5% y/y, revised from a previously reported 7.7% y/y drop. 

February
24th, 2009
Actual Forecast Previous Revised Form
-3.9% -4.2% -1.3% N/A
Preliminary Version for 4th Quarter.
Provided by: Office for National Statistics

Business Investment y/y: -7.7%, forecast -5.5%, pr. -0.1% (3Q), 1.2% (2Q),
4.5% (1Q), 3.7% (4Q)

From the Release: "Business investment for the fourth quarter of 2008 is estimated to be 7.7 per cent lower than the same period of last year and is 3.9 per cent lower than the previous quarter.

The quarterly fall in business investment is due to reduced capital spending by industries classified within private and public sector non-manufacturing (down 3.0 per cent). There was also a contribution from reduced capital expenditure in manufacturing (down 11.0 per cent).

The reduced investment in private and public non-manufacturing of -3.0 per cent was driven by private sector non-manufacturing other services (down 3.4 per cent), distribution services (down 5.5 per cent) and construction (down 29.8 per cent). "

December
19th, 2008
Actual Forecast Previous Revised Form
-1.3% -0.2% -0.2% N/A
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),
3.7% (4Q)