Business investment in the United Kingdom fell by 26.5 percent on quarter in the three months to June 2020, less than initial estimates of a 31.4 percent drop. Still, it remains the biggest contraction ever and well above a 9.8 percent decline during the 2008 global crisis. There was a record fall in private sector dwellings investment, and a fall in associated transfer costs, reflecting lower activity in construction and the property market during the lockdown period. Meanwhile, government investment increased by 19.3 percent in the second quarter. Year-on-year, business investment went down 26.1 percent, also less than initial estimates of a 31.3 percent plunge.
Private Investment in the United Kingdom averaged 0.92 percent from 1967 until 2020, reaching an all time high of 60.70 percent in the second quarter of 2005 and a record low of -33.70 percent in the third quarter of 2005. This page provides - United Kingdom Business Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Business Investment - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Office for National Statistics
Private Investment in the United Kingdom is expected to be 15.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Investment in the United Kingdom to stand at 1.10 in 12 months time. In the long-term, the United Kingdom Business Investment is projected to trend around 2.50 percent in 2021 and 0.80 percent in 2022, according to our econometric models.