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Business investment falls sharply
JICWyllie
follow
1
5-23-2009 1:36 PM
153 views
tags:
1-investment
,
1-recession
,
2-decrease
,
3-record
,
4-uk
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f1c3cd10-808a-43af-974d-e9056d03c713/9F55807B-63A3-4135-A9C9-A0EBA77E8587/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/10fb86c8-0259-11de-b58b-000077b07658.html" href="http://www.ft.com/cms/s/0/10fb86c8-0259-11de-b58b-000077b07658.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/10fb86c8-0259-11de-b58b-000077b07658.html"><P aria-level="0" aria-posinset="0" aria-setsize="0">Business investment fell sharply in the final quarter of last year as credit restrictions and slumping demand prompted companies to slash their expansion plans, data released on Tuesday show</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/10fb86c8-0259-11de-b58b-000077b07658.html"><P aria-level="0" aria-posinset="0" aria-setsize="0">Business investment by manufacturing and non-manufacturing companies in the three months to December was estimated to have fallen by 3.9 per cent on the previous quarter and was 7.7 per cent down on the same period in 2007, according to the Office for National Statistics. For manufacturing, the drop was 11 per cent from the third quarter. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/10fb86c8-0259-11de-b58b-000077b07658.html"><P aria-level="0" aria-posinset="0" aria-setsize="0">The slump was particularly acute in investment in vehicle production, which fell more than 50 per cent compared to the third quarter of 2008, as new cars piled up unsold. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/10fb86c8-0259-11de-b58b-000077b07658.html"><P aria-level="0" aria-posinset="0" aria-setsize="0">When compared with investment cutbacks in previous recessions, the decline from the peak in the fourth quarter of 2007 is sharper than that of any recession since records began in the early 1960s, economists said. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9F55807B-63A3-4135-A9C9-A0EBA77E8587/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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