However, it seems pretty clear that this type of investment will not be adding to demand for much longer. Investment spending by businesses in other sectors has thus far remained somewhat subdued in comparison.
There are good reasons to expect it will strengthen in due course, but the available indicators at present do not suggest that is going to happen in the very near term. We will get another reading on the investment outlook next week. The outlook for public spending is being constrained as a result of the budgetary restraint being pursued by governments.