The ONS have released revised estimates of business investment levels for Q1 2010. The new estimates put investment at £29,136m, an increase of 7.8% from the previous quarter and 7.7% lower than Q1 2009. Manufacturing's share has fallen by 0.2% to £2,364m on the previous quarter and by 29.6% since Q1 2009.
The revised estimate of investment in services within private sector non-manufacturing suggests a rise of 11.1% to £20,734m, construction increased by 36.5% to £602m, while other production has fallen by 2.4% to £4,471m since the previous quarter. Non-manufacturing investment by public sector corporations increased by 0.3% on the last quarter to £966m but has fallen by 15.3% since Q1 2009.
Estimates for private sector investment in computer software and hardware collected by the ONS separately from other capital investment suggest that total computer software investment by businesses for Q1 2010 was £1,593m and hardware £1,647m. Investment in software was down in all categories except 'other services' which went from £1,028m in Q4 2009 to £1,093m in Q1 2010 a big enough increase to increase the total level of investment in software. In hardware, manufacturing was the only category to decrease its investment. These figures suggest that private sector investment in computer software and hardware was about 12% of total business investment and evenly distributed between software and hardware. In manufacturing it was around 9.5% total investment and 12.75% of total investment in services.
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