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Investment of MMF manufacturing up & textiles-clothing down
29 Mar '06
1 min read
The Office for National Statistics of United Kingdom released the Business Investment report for the fourth quarter of 2005.
The revised estimate of business investment for the fourth quarter of 2005 is estimated to be 1.3 per cent higher than the same period of last year and 0.9 per cent lower than the previous quarter.
The quarterly fall in business investment is due to reduced capital spending by industries classified as private sector non-manufacturing, including other production, construction, and distribution services.
Private sector manufacturing investment stems from capital expenditure within solid and nuclear fuels, oil refining industries (up 7.7 per cent), chemicals and Man Made Fibres (MMF - up 2.1 percent).
This was offset by reduced capital expenditure in food, drink and tobacco industries (down 1.5 per cent), textiles, clothing, leather and footwear (down 15.9 per cent), and other manufacturing (down 5.9 per cent).
The revised estimate of business investment within public corporations manufacturing shows a rise for quarter four against the previous quarter (up 10.5 per cent).
The revised estimate of business investment for the fourth quarter of 2005 is estimated to be 1.3 per cent higher than the same period of last year and 0.9 per cent lower than the previous quarter.
The quarterly fall in business investment is due to reduced capital spending by industries classified as private sector non-manufacturing, including other production, construction, and distribution services.
Private sector manufacturing investment stems from capital expenditure within solid and nuclear fuels, oil refining industries (up 7.7 per cent), chemicals and Man Made Fibres (MMF - up 2.1 percent).
This was offset by reduced capital expenditure in food, drink and tobacco industries (down 1.5 per cent), textiles, clothing, leather and footwear (down 15.9 per cent), and other manufacturing (down 5.9 per cent).
The revised estimate of business investment within public corporations manufacturing shows a rise for quarter four against the previous quarter (up 10.5 per cent).
National Statistics, UK
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