Gross fixed capital formation (GFCF) increased by £0.8bn to £53.6bn in the third quarter of 2013 compared with Q2 according to revised figures from the ONS. Preliminary figures in November had suggested an increase of £0.7bn to £53.3bn. Business investment, one component of GFCF, rose by £0.6bn or 2% compared with the previous quarter. The preliminary figures had suggested £0.4bn.
There are five main assets referred to in the business investment data: dwellings, transport equipment, machinery, buildings and intangible assets. In Q3 investment was broad based with increases in all five asset groups. The largest was transport equipment which grew by 27.1% or £0.5bn. Investment hasn't changed much in the last four quarters with a range between £52bn and £54bn.
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