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 provisional estimates of seasonally adjusted chained volume measures.
GFCF was estimated to have increased by £0.7 billion to £53.3 billion (1.4%) compared with the previous quarter. This is the strongest growth since Q1 2012 (3.6%).
Business investment rose by an estimated £0.4 billion (1.4%) compared with the previous quarter.
Investment was broad based with increases in four of the five main assets. The largest increases were transport equipment, which grew by £0.4 billion (26.4%), and other new buildings and structures, which grew by £0.3 billion (1.4%). There was a slight decrease in investment in intangible fixed assets of £0.1 billion (-0.9%).
Looking over the last four quarters, investment has been broadly flat, ranging between £52 and £53 billion.
An experimental dataset containing detailed industry and asset breakdowns of business investment can be found on the ONS ad hoc publication web pages.
In this release no periods are being revised.