Economists disagree after March capex report

30 May 2019

 

Australia’s capital expenditure (capex) slump was thought to have come to an end in 2018 as investment in the mining sector reverted back to its long-term mean after a spike early in the decade. Total investment had begun to grow again, driven by investment in the services sector. Even so, two of the quarters in calendar 2018 still had small contractions.  According to the latest ABS figures, seasonally-adjusted private sector...

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