Tuesday, November 24, 2009
Business investment down again
Posted by David Smith at 10:30 AM
Category: Thoughts and responses

Business investment has fallen sharply in this recession, dropping by 3% in the third quarter for a fall of 21.7% on a year earlier. The 12-month fall in manufacturing investment was 28.9%. At least the latest fall in business investment was smaller than the 10.2% drop in the second quarter. More details here.

Meanwhile, figures from the British Bankers' Association showed that mortgage approvalks edged up only modestly, from 42,073 to 42,238. Consumer credit declined. More details here.