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Announcement on the changes to the Business Investment release on 27th June 2013

ONS has decided that the industry breakdowns of business investment normally available in the Business Investment Statistical Release to be published on 27 June 2013 will not be published until 31 July 2013.

We have recently undertaken a significant programme of work to improve our estimation of gross fixed capital formation (GFCF) and business investment, and most of  that work has been successfully completed. We have not only implemented an improved methodology, but we will also be able to reinstate the asset by sector breakdown series in the UK National Accounts (Blue Book) 2013 which have been suspended in recent years. However, in order to complete sufficient quality assurance of the industry breakdowns, and to make sure they are consistent with the UK National Accounts, we are delaying publication of these series until 31 July 2013. ONS apologises for any inconvenience this will cause.

ONS has also been reviewing the Business Investment release and as a result the release on 27 June will trial a new approach, and will include sector and asset breakdowns of GFCF not previously available in the release. Industry breakdowns will be re-instated as part of the regular release from August 2013, We would welcome feedback on the inclusion of sector and asset breakdowns, and on how else the release might be improved, in either its content or presentation.

Feedback  can be sent to gcf@ons.gsi.gov.uk.

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