- The estimates in this release are short term indicators of investment in assets, such as dwellings, transport equipment, machinery, buildings and intangible assets, in 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.They have been revised from Q1 2013.
- In Q1 2014 compared with the previous quarter, GFCF was estimated to have increased by £1.3 billion (2.4%) to £56.9 billion, the highest level since Q4 2008. In terms of assets, the largest increase came from intangible fixed assets £0.7 billion (8.3%), particularly spending on software.
- Compared with the previous quarter business investment rose by an estimated £1.6 billion (5.0%) to £33.4 billion.
- Looking at the quarter on the same quarter a year ago both business investment and GFCF increased; business investment by 10.6%, the largest since Q1 2012; and GFCF by 9.7%, the largest since Q3 2007.
- In Q1 2014, both GFCF and business investment showed for the first time since 1998 five quarters of consecutive growth.
- Business investment was at its highest level since Q3 2008.
- There was an upward revision of 2.3 percentage points between the provisional and revised publication in the growth rate of business investment in Q1 2014.
Investment trends for businesses. Contains capital expenditure data at current prices, constant prices and seasonally adjusted.