Business investment is estimated to have fallen by 4.3% in the final quarter of 2009 from the previous quarter and by 23.5% on the same quarter last year. The total seasonally adjusted figure for investment is £27.3bn. The estimate for manufacturing by both private and public sector is a decrease of 5% on the quarter and 32.3% on the year with a figure of £2.4bn.
Services investment fell again in the fourth quarter and fell in every quarter of 2009. They are estimated to have fallen by 29.1% compared with Q4 2008. Construction fell by 21.8% after increases in Q2 and Q3, other production is estimated to have risen by 13.8%. Public corporations' revised estimate for non-manufacturing business investment is an increase of 0.6% on the quarter and 1.8% on the year. The Q4 figure is £944m.
Investment in computer software and hardware is continuing to attract the interest of statisticians and is of increasing importance as a category of investment. The ONS figures only respresent the private sector. Total investment in computer software in Q4 2009 is estimated to have been £1.5bn, compared with £1.4bn in the last quarter and £1.7bn last year. The total for computer hardware acquisitions less disposals at current prices is estimated to have been £1.4bn, compared with £1.38bn last quarter and £1.79bn last year. These estimates suggest that investments in computer software and hardware amounts to approximately 10% of all private sector business investment (5% software, 4.75% hardware). In manufacturing investment in computer hardware and software is about 9.5% of total investment and in services it amounts to about 11.75%.
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