Gross Capital Formation
Telephone: +44 (0)1633 455250
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 £1 billion (1.9%) to £55.9 billion. On a sector basis, the largest increase came from business investment; in terms of assets, the largest increase came from other machinery and equipment.
In Q4 2013, business investment rose by an estimated £0.8 billion (2.4%) compared with the previous quarter and is 8.7% higher compared with Q4 2012.
GFCF and business investment have shown an increase, quarter on quarter, in each of the last four quarters. This is the first time four consecutive periods of growth have been reported for over six years, the last time was between Q4 2006 and Q3 2007.
Within GFCF there was an increase in investment in all five assets for the first time since Q2 2011.
The earliest period being revised in this release is Q1 2012. More information on revisions can be found in the revision section.