Services Investing More In Computers

The provisional estimates for total business investment for the second quarter of 2009 were released by the ONS recently. The estimate was £29,894m, down £3,483m or 10.4%, on the previous quarter. Manufacturing accounted for £2,886m and non-manufacturing £27,028m. Compared with Q2 2008 it is down 18.4%. The estimates for investment in computer hardware and software say that about 8% of private sector business investment was on computer hardware and software (3.75% to 4.25%). It was about 7% of manufacturing investment and 9.5% in the service sector.