Q3 capex report: investment likely to pick up

29 November 2018

 

After the March report, Australia’s capital expenditure (capex) slump appeared to have come to an end. Mining investment had increased as a proportion of GDP for the first time since June 2014 and total investment had grown at an annual pace above 4% for a second consecutive quarter. June figures then created some doubt regarding the sustainability of such a recovery when they recorded a fall for the quarter. According...

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