Thursday, Aug 27, 2009
Difficult figures to spin.
FT: Investment crash hints at economic pain
Investment by businesses collapsed in the second quarter of this year as the shortage of credit and the recession cut into British companies’ spending plans.
New spending by businesses on a range of investments from new building work to computer software fell by 10.4 per cent from the previous quarter, the Office of National Statistics reported, the biggest decline since 1985 excluding a blip in the data in 2005. Investment was 18.4 per cent lower than a year earlier – the sharpest decline since records began in 1966.
Posted by devo @ 01:11 PM (289 views) Add Comment
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