Gross Capital Formation
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Frequency of release: Quarterly
Geographical coverage: UK
Geographical breakdown: UK
Survey name(s): Quarterly Survey of Capital Expenditure
The estimates in this release are short term indicators of investment in assets, such as dwellings, transport equipment, machinery, buildings and intangible assets, across the United Kingdom. This release covers not only business investment, but asset breakdowns of total gross fixed capital formation (GFCF), of which business investment is one component.
All investment data referred to in this bulletin are estimates of seasonally adjusted chained volume measures.
Compared with the previous quarter, GFCF was estimated to have increased by £0.3 billion (0.6%) to £56.2 billion. On a sector basis, the largest increase came from business investment; in terms of assets, the largest increases came from other machinery and equipment, and dwellings.
In Q1 2014, business investment rose by an estimated £0.9 billion (2.7%) to £32.8 billion compared with the previous quarter and was 8.7% higher compared with Q1 2013.
GFCF and business investment have both shown quarter on quarter increases in each of the last five quarters. This was the first time five or more consecutive periods of growth were reported since 1998.
Business investment was at its highest level since Q3 2008.
No periods are revised in this release.
Investment trends for businesses. Contains capital expenditure data at current prices, constant prices and seasonally adjusted.