Business investment for the third quarter of 2009 is estimated to have fallen by 3% to £28,393m, a fall of £885m. Investment by both private and public sectors in manufacturing has also fallen by an estimated 9.5% to £2,581m. Services sector investment was £19,825m, a fall of 2.2% and construction fell by 0.6%. Investment in services is estimated to have fallen by over 25% since the same time last year.
There was an increase in expenditure on both computer software and hardware during the quarter on the previous quarter but a decrease on the same quarter last year.
There were decreases in investment in distribution and public corporations. Within the services sector, reductions in expenditure occurred in real estate, renting, hotels and restaurants and education. These reductions are offset by increased expenditure in financial intermediation and transport and communications.
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