These are provisional results for Q4 2012.
Business investment for Q4 2012 was estimated to be 1.2% lower than the previous quarter at £30.9 billion, and 0.4% higher than the same period last year.
Business investment between Q3 2012 and Q4 2012 saw little change in private sector manufacturing at £3.3 billion. The main changes in private sector manufacturing were primarily in metals and metal goods and engineering and vehicles, both decreasing by £150 million (24.1% and 14.0% respectively), partially offset by increases in food, drink and tobacco, up £100 million (22.8%) and other manufacturing, up £100 million (21.0%).
Business investment in total non-manufacturing saw a decrease of £300 million to £27.6 billion (1.2%) between Q3 2012 and Q4 2012. The decreases were primarily in private sector non-manufacturing construction, down by £800 million (33.7%). This was partially offset by an increase in other services, up £750 million (5.6%).
Source: Office for National Statistics
Unless otherwise specified, growth refers to a comparison between the latest quarter and the previous quarter. Sometimes this is referred to as quarterly growth.
Annual growth refers to a comparison between a quarter and the same period in the previous year.
Unless otherwise specified, figures discussed are in chained volume terms and seasonally adjusted.
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 Q4 2010 and the low level of aircraft imports for Q1 2011.
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