Saturday, August 29, 2009
Business investment falls at record rate
Business investment in Britain declined 10.4% in the second quarter of the year compared to the first three months - the steepest drop since 1985, according to data released by the Office for National Statistics (ONS).
The amount spent by businesses on a range of investments, from new computers to building works, fell to £29.8bn in the second quarter of the year and 18.4% lower than the same period last year.
Companies have had to cut back on spending to cope with a sharp downturn in demand and difficulties in accessing funds.
http://www.newbusiness.co.uk
The amount spent by businesses on a range of investments, from new computers to building works, fell to £29.8bn in the second quarter of the year and 18.4% lower than the same period last year.
Companies have had to cut back on spending to cope with a sharp downturn in demand and difficulties in accessing funds.
http://www.newbusiness.co.uk
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment