Q1 capital acquisitions down significantly

Capital acquisitions in industry in the first quarter of 2005 were €672.8m, compared with €1249.7m in the first quarter of 2004, according to the Central Statistics Office.

The major contributor to the total figure was the acquisition of machinery and equipment, which amounted to €487.5m in the first quarter of 2005, following a first quarter 2004 level of €914.8m.