General government’s real gross fixed capital formation (GFCF) grew by 6.4% (seasonally adjusted annualised rate—saar) in the third quarter of 2014 while public corporations’ capital formation registered and increase of 2.9% q/q saar. This meant that total public sector real GFCF was 4.5% higher in the third quarter which was an improvement compared with the 1.7% growth recorded in the previous quarter. Capital formation by private business enterprises picked up marginally in the third quarter, rising by 0.7% (saar) compared with an average decline 0 12.5% in the first half of 2014.
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