WIREDGOV

Key points

• The estimates in this release are short-term indicators of investment in assets, such as dwellings, transport equipment, machinery, buildings and intangible assets. 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 estimates in this bulletin are seasonally adjusted chained volume measures. The earliest period being revised in this release is Q1 2014.
• In Q4 2014, GFCF was estimated to have decreased by £0.4 billion (0.5%) to £72.6 billion compared with Q3 2014. This was the first decrease for GFCF since Q3 2012.
• In Q4 2014, business investment decreased by an estimated £0.6 billion (1.4%) compared with the previous quarter.
• The largest quarter on quarter decrease in Q4 2014 by asset was in other buildings and structures and transfer costs, which decreased by an estimated £0.7 billion (3.1%). Falling investment by the oil and gas extraction industry is a large component of this decrease.
• In Q4 2014, GFCF was estimated to have increased by 3.7% compared with Q4 2013.
• In Q4 2014, business investment increased by 2.1% compared with Q4 2013. This was the nineteenth consecutive quarter of quarterly growth compared with the same quarter of the previous year.
• In 2014, GFCF increased by 6.8% from 2013, which is the largest annual growth since 1998 (6.8%). Business investment also grew by 6.8%, the largest annual growth since 2007 (8.1%).

Get all the tables for this publication in the data section of this publication.