Balance of Payments
Telephone: +44 (0)1633 455250
Frequency of release: Quarterly
Geographical coverage: UK
Geographical breakdown: UK and GB
Survey name(s): Survey into Business Spending on Capital Items
As part of the Gross Fixed Capital Formation post production quality assurance process, errors have been identified in the Gross Fixed Capital Formation series. The following publications and associated time series have now been corrected:
Quarterly National Accounts - 2012 Quarter 1 and Quarter 2
United Kingdom Economic Accounts - 2012 Quarter 1 and Quarter 2
Business Investment - 2012 Quarter 1 and Quarter 2
Chapter 9 and table 8.4 of the 2012 edition of the Blue Book is currently inconsistent with these publications. Further quality assurance work is ongoing and a correction to the relevant Blue Book tables will be published as soon as possible.
For Business Investment time series data, the error affects quarterly data in 2004, for series:
DSG5, DS39, DS3H, DS3S, DS84, DS8K, DS7U, DS8C, DSG6, DS9R, DS9Z, DSG7. DS3T, DSG8, DS3B, DS3J, DS3Y, DS86, DS8M, DS7W, DS8E, DSG9, DS9T, DSA3, DSH2, DS3Z, DSI2, DS6W, DS7I, DS3U, DS3W, NPEN, DS3N, DSI3, DS6Y, DS7K, DS42, DS43, DS44, NPEL.
The error also affects the quarterly data in 2005 Q2, for series GAN5, GAN6, GAN9, GAO2. All other periods remain unchanged.
ONS apologises for any inconvenience caused.(23 November 2012)
As part of the Gross Fixed Capital Formation post production quality assurance process, errors were found in four time series data. These series, GAO3,GAO4,GAN7 and GAN8, included exceptional transfers in 2005 Q2, which should have been excluded from the series. All other periods remain unchanged. (10 July 2012)
Business investment in seasonally adjusted terms rose by £0.6 billion to £30.5 billion (1.9 per cent) when compared with the previous quarter.
Business investment increased by £3.9 billion (14.8 per cent) when compared with the first quarter of 2011.
Total manufacturing investment saw little change at £3.5 billion (-0.3 per cent) when compared with the previous quarter.
Total non-manufacturing investment increased by £0.6 billion to £27 billion (2.2 per cent) when compared with the previous quarter.
Compared with the first quarter of 2011, total manufacturing investment rose by £0.7 billion (23.5 per cent); total non-manufacturing investment rose by £3.3 billion (13.7 per cent).
Commentary and tables on investment trends by businesses. Contains capital expenditure data for various sectors of the economy at current prices, constant prices and seasonally adjusted.
Users should note that there are a small number of inconsistencies between the total business investment figures included in this release with those in the Q1 2012 Quarterly National Accounts dataset. The data and periods affected are Q1 2004 to Q4 2004 for the current price seasonally adjusted data for total business investment (NPEK) (and the growth rates associated with these periods). If you have any queries please contact firstname.lastname@example.org.
ONS apologies for any inconvenience.