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Business Investment summary, Q3 2012 revised

Released: 21 December 2012 Download PDF

Business investment

Increased by 3.8% between the second and the third quarter of 2012

Business investment - Q3 2012 revised results
Source: Quarterly Survey of Capital Expenditure - Office for National Statistics

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These are revised results for the third quarter of 2012.

Business investment for the third quarter of 2012 was estimated to be 3.8% higher than the previous quarter at £31.5 billion, and 5.1% higher than the same period last year.

Business investment in private sector manufacturing in the third quarter of 2012 stood at £3.3 billion, little changed since the second quarter of 2012. The main changes were in metal and metal goods, increasing by £150 million (32.8%), partially offset by a decrease in other manufacturing, down £130 million (-19.6%).

Source: Office for National Statistics

Background notes

  1. Unless otherwise specified, growth refers to a comparison between the latest quarter and the previous quarter. Sometimes this is referred to as quarterly growth.

  2. Annual growth refers to a comparison between a quarter and the same period in the previous year.

  3. Unless otherwise specified, figures discussed are in chained volume terms and seasonally adjusted.

  4. On 1 January 2011 a change was made to the zero-rating of VAT on qualifying aircraft. This may have contributed to the high level of aircraft imports for 2010 quarter four and the low level of aircraft imports for 2011 quarter one.

  5. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

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