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UK Quarterly Business Investment Up 0.7% in Q1

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Business investment in the UK edged up 0.7% in the first quarter, following a revised 2.9% fall in the prior three-month period, according to provisional data from the Office for National Statistics published Thursday.

Analysts expected a 1.1% gain for the quarter.

On a yearly basis, business investment declined 1.8%, compared with the revised 1.8% increase previously.

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