However, in the first quarter of 2012, while public corporation and general government fixed capital formation grew by  BIS central bankers’ speeches  3  13,1 per cent and 9,3 per cent respectively, that of the private sector grew by a mere 1,8 per cent.
This is a major source of concern should this trend continue, as private sector investment accounts for around 65 per cent of total fixed capital formation in the economy. The lagging private sector investment is consistent with the recent decline in business confidence that has been evident in the various indices.