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mpc: 17 Business investment had risen by just 0.3% in Q3, according to official estimates. That was a weaker outturn than envisaged in the November Inflation Report. But official investment estimates were prone to substantial revision. Past experience suggested that investment data at this stage of the cycle tended to be revised upwards, although there was considerable variation around the mean revision. That said, the Committee noted that several pieces of evidence were consistent with a subdued short-term outlook. Investment intentions had weakened, according to business surveys and the Bank's regional Agents. Capacity pressures also appeared to have eased, which would tend to reduce the incentives for companies to invest.