Capex disappoints

03 June 2015

 

The latest private business Capital Expenditure survey from the ABS provides information on actual spending in Q1 as well as an update of plans for the 2014/15 financial year and the second estimate of plans for 2015/16. Capex plans for 2015/16 are very weak, with a marked downgrade from the initial estimate, as reported three months ago. Mining plans are for a sharp cut in Capex spending and the service...

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