Gross fixed capital formation (GFCF), in volume terms, was estimated to have increased by 1.2% to £79.0 billion in Quarter 1 (Jan to Mar) 2017 from £78.1 billion in Quarter 4 (Oct to Dec) 2016.

Business investment was estimated to have increased by 0.6%, to £43.8 billion between Quarter 4 2016 and Quarter 1 2017.

Between Quarter 1 2016 and Quarter 1 2017, GFCF was estimated to have increased by 2.2%, from £77.3 billion and business investment was estimated to have increased by 0.8% from £43.4 billion.

The sectors contributing most to GFCF growth between Quarter 4 2016 and Quarter 1 2017 were public corporations and private sector dwellings, and business investment. Dwellings and other buildings and structures were the assets which contributed most to the increase in GFCF for the same period.