UK business investment falls, misses target

FXstreet.com (Barcelona) - Business investment in the United Kingdom fell by 5.8% in the fourth quarter of 2009, missing analysts' forecasts of a small 0.1% growth after investment fell by 0.6% in the previous quarter.

Year-over-year, business investment hit a multi-year low in the 4Q of 2009 at -24.1%. This too disappoints market expectations of a more modest drop of 18.5%, which would have been an improvement over the 19.9% decrease seen in the third quarter.

The Total Business Investment released by the National Statistics presents the total amount of capital expenditures made by private firms. A large business investment is indicative of overall growth and demand in the UK economy. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

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