CAPEX: BUSINESS INVESTMENT KEEPS FALLING, BUT PLANS BEAT EXPECTATIONS
The ongoing laggard in the Australian economy, business investment, has fallen again, tumbling another 5.4 per cent in the June quarter to be down more than 17 per cent over the year.
The seasonally adjusted data from the Australian Bureau of Statistics was weaker than the market forecast of a 4 per cent decline over the quarter.
Once again mining was the main drag, with new capital expenditure – or capex – down 16 per cent over the quarter.
While the painful unwinding of the
Read more at: http://www.abc.net.au/news/2016-09-01/capex-business-investment-data-abs-june-qtr/7805016?section=business
