Fri, 24 Aug 2012 18:36:56 GMT
U.K. business investment tumbles in Q2
Business investment in the British economy slipped in the second quarter, mostly led by a 3.3% drop in private area non-manufacturing, the Office for National Statistics showed in preliminary data on Friday. Investment declined 1.5% on quarter to GBP 30 billion. Investment in private area manufacturing rose 5.5% on quarter. Business investment surged 1.7% on year-on-year basis.