Business investment rose by 0.7% to £29.2bn in the second quarter of 2010 compared with the first quarter. It was also 1.9% higher than the same quarter in 2009. Investment in manufacturing increased by 10.4% to £2.7bn but compared with Q2 2009 it has fallen by 4.9%.
Non-manufacturing investment in the private sector increased by 2.4% compared with the same quarter last year. Distribution services accounted for a significant amount of the change increasing by 13.5% on Q2 2009 to £4.1bn and construction which increased by 12.9% to £585m. Other services accounted for £16.6bn of investment but fell by 1.4%.
Investment in computer software was £1,418m down from £1,663m and hardware £1,348m down from £1,637m in Q1. Business investment in softwae and hardware equals 9.7% of all business investment with 5% on software and 4.8% on hardware.
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