December quarter capex “solid”, 2019/2020 investment plans upgraded

28 February 2019

 

Australia’s capital expenditure (capex) slump may have come to an end but stabilisation is probably all Australia can hope for in the near-term. Mining investment has continued to struggle and manufacturing investment is now a small portion and uninfluential portion of the overall total. Increased investment in the services sector is currently offsetting falling levels of investment elsewhere. According to the latest ABS figures, seasonally-adjusted private sector capex in the...

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