This indicates that if the near-term constraints can be eased and business confidence improves, there is scope for further growth in fixed investment, and this could allow for a rotation away from consumption expenditure towards investment as the main driver of growth.
In 2013, the contribution of consumption expenditure to GDP growth had declined to 1,7 percentage point, compared with 2,3 in the 2012, while the contribution of gross fixed capital formation was unchanged at 0,9 percentage points.