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ReganEireann
Advanced Member
    

115 Posts |
Posted - 28 July 2010 : 02:13:11
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Business investment for the first quarter of 2010 is estimated to be 7.8 per cent higher than the previous quarter. In spite of the quarterly rise, business investment is 7.7 per cent lower than the same period last year.The quarterly rise in business investment is largely due to increased capital spending by industries classified as private sector non-manufacturing, which is up by 8.9 per cent and public corporations non-manufacturing is up by 0.3 per cent. This rise is slightly offset by a fall in private sector manufacturing, which is down by 0.3 per cent.The growth in private sector non-manufacturing is mainly due to increased investment in other services, up by 14.3 per cent, and construction, up by 36.5 per cent, which is offset by a fall in distribution services, down by 2.7 per cent, and other production, down by 2.4 per cen.
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