LONDON (MktNews) - UK business investment rose in the second quarter following a sharp decline in the first quarter, according to figures released by the Office for National Statistics Tuesday
The provisional estimate of business investment rose 0.8% on the quarter, to stand 2.1% above levels a year earlier.
Business investment plunged 5% on the quarter in Q1 following large increases towards the end of last year.
Private- and public-sector manufacturing investment fell 4.1% on the quarter, although it was up 1% on levels a year earlier.
Within the private sector, investment in services rose by 1% on the quarter, while construction and other production investment increased by 9.1%.