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mpc: 17 Historically, business investment figures had been subject to even larger revisions than the consumption data, with a tendency for the first estimates to be revised upwards. Reflecting the considerable uncertainty about the investment figures, it might also be sensible to average their growth rates across Q4 and Q1; if that were done, the underlying pace of quarterly business investment growth in Q1 would be relatively modest at 0.4%. However, the recent improvement in survey-based evidence of investment intentions, as well as the strengthening of output indicators, suggested that a pickup in investment growth through the remainder of 2006 seemed likely.