Non-mining capex downgraded in latest report

28 November 2019

 

Australia’s capital expenditure (capex) slump was thought to be coming to an end 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. However, contractions in recent quarters have become the norm.  According to the latest ABS figures, seasonally-adjusted private sector capex in the September quarter contracted...

read full story