Business investment up in third quarter

According to official figures, investment into British businesses rose by £1.1bn in the third quarter of 2012. The ONS say total investment in seasonally adjusted terms rose 3.7% to £31.3bn when compared to the previous quarter of 2012.

Investment into non-manufacturing companies was the best performer, with growth by 4% to £28.1bn.

Investment into manufacturing businesses grew by 1.4% in their operations to £3.2bn. However, total manufacturing investment fell by £200m when compared to the third quarter of 2011.

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