Business Investment, Quarter 1 (January to March) 2015 Provisional Results

28 May 2015 11:51 AM

Business Investment, Quarter 1 (January to March) 2015 Provisional Results

• 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 investment data referred to in this bulletin are estimates of seasonally adjusted chained volume measures. No periods are revised in this release.
• In Quarter1 2015, GFCF was estimated to have increased by £1.1 billion (1.5%) to £74.7 billion compared with the previous quarter. This is the highest level since Quarter 4 2007 (£75.8 billion).
• In Quarter 1 2015, business investment was estimated to have increased by £0.8 billion (1.7%) to £45.7 billion compared with the previous quarter. This is the highest level since Quarter 2 2005 (£52.0 billion).
• In Quarter 1 2015, GFCF was estimated to have increased by 3.4% compared with Q1 2014.
• In Quarter 1 2015, business investment increased by 3.7% compared with Q1 2014. This was the twentieth consecutive quarter of growth compared with the same quarter of the previous year. This is the longest period of quarter on the same quarter a year ago growth to date.
• Changes have been made to the Quarterly Survey of Capital Expenditure for Quarter 1 2015. Clearer instructions have led contributors to indicate some historic misreporting in the asset breakdown. Adjustments have therefore been included to keep the asset series continuous. Further work will be undertaken which may result in changes to the current asset split.

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