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ONS data reveals UK business investment has fallen

New data published by the Office for National Statistics (ONS) indicates that business investment in the UK fell in the second quarter of the year.

In seasonally adjusted terms, a decline of £0.5 billion - or -1.5 per cent - was recorded when compared with the previous quarter, currently standing at £30 billion.

However, this is a 1.7 per cent increase on the same period in 2011 - and a slightly positive trend was recorded in the manufacturing sector.

Investment here expanded by £0.2 billion on the quarter, taking the most recent figure to £3.7 billion - a 5.5 per cent increase.

Indeed, this comes as the Engineering Employers Federation (EEF) is reporting that manufacturers in the UK are benefitting from improving access to finance.

The ONS data appears to indicate that manufacturing is driving growth, as the total non-manufacturing investment fell by £0.7 billion to £26.3 billion in the period covering April to July.ADNFCR-1898-ID-801436798-ADNFCR

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