Business investment rose by 0.7% in Quarter 1 (Jan to Mar) 2023, following a 0.2% fall in the previous quarter. Positive contributions from information and communication technology (ICT) equipment and other machinery and equipment, and intellectual property products (IPP) contributed to this growth in business investment. Business investment is at its highest level since the pre-coronavirus (COVID-19) pandemic period (Quarter 4 (Oct to Dec) 2019), but remains 1.4% below that level. The primary driver of growth in Quarter 1 2023 was ICT equipment and other machinery and equipment. This coincides with the end of the ... (full story)