RTTNews - The seasonally adjusted business investment in the UK fell 5.5% quarter-on-quarter to GBP 33.04 billion in the first quarter, the Office for National Statistics said Thursday. Economists had forecast a decline of 4%.

On an annual basis, investment was down 6.8%, more than the expected 5.9% contraction.

Investment in the manufacturing sector dropped 6.9% over the previous quarter.

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