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4th Oct 2023 19:23U.K., Daily Monitor

  • Business investment continued to rise rapidly in Q2, equalling its higher share of GDP since Q3 2016.
  • Q2’s surge in transport equipment likely will reverse in Q3; higher borrowing costs will weigh on capex too...
  • ...But with investment intentions still strong and bal- ance sheets still in good shape, capex will be resilient.

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Keywords for: 6 October 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence