Business investment sees 0.8% rise in second quarter of 2007

Business investment has seen a 0.8% rise in the second quarter of 2007, estimated to be 7.4% higher than the same period of last year.

The Office for National Statistics’ Business Investment survey said the quarterly rise is due to increased capital spending by non-manufacturing industries in the private and public sector.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Name

This field is for validation purposes and should be left unchanged.

Δ

The quarterly fall in private sector manufacturing investment was due to lower capital expenditure in other manufacturing industries (down 5.8%), engineering and vehicles industries (down 14.2%), and metals and metal goods industries (down 16.8%).

But other sectors were on the up, including higher investment within solid and nuclear fuels, oil refining industries (up 11.3%), food, drink and tobacco industries (up 9.0%), textiles and clothing industries (up 6.9%), and chemicals industries (up 0.8%).