Investments fall for second year in row in 2014-15

Gross capital formation decreased by 18.3% in 2014-15

Industries continued to shy away from investments in 2014-15, showed comprehensive data released by the Central Statistics Office on Friday.

Gross capital formation (GCF), which connotes investment in the economy, contracted for the second straight year in 2014-15 with the pace of fall accelerating, showed annual survey of industries (ASI).

GCF decreased by 18.3 per cent in 2014-15, after it was down by 5.6 per cent in the previous year, ASI data revealed.

The data is in nominal terms, which means that it has not been adjusted for inflation.

Investments by industries have been on a downturn due to overleveraged balance sheets