Business investment in the UK fell by 0.5% in Q3, now 8.4% lower than pre-pandemic level in Q4 2019; transport equipment was the only negative contributor to whole economy investment growth: ONS

LONDON , November 11, 2022 (press release) –

Estimates of short-term indicators of investment in non-financial assets, business investment, and asset and sector breakdowns of total capital formation.

Main points

• Business investment fell by 0.5% in Quarter 3 (July to Sept) 2022.
• The level of business investment in Quarter 3 2022 is 8.4% below where it was in Quarter 4 (Oct to Dec) 2019, the quarter before the coronavirus (COVID-19) pandemic; gross fixed capital formation (GFCF) levels are 0.8% above that same quarter.
• Whole economy investment, which includes business and public sector investment, increased by 2.5% in Quarter 3 2022 and was 5.8% higher than in the same quarter a year ago.
• Most assets contributed positively to growth in whole economy investment, with the largest contribution coming from dwellings with a growth of 4.2%. Transport equipment was the only negative contributor to whole economy investment growth.
• Government investment grew by 7.6% in the latest quarter. Other buildings was the main driver behind the growth in government investment.

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