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1.Market Observations, 8.Was Sticky

28 Aug 2015 (AFR) – Capital strike gloomy for growth – ‘Recessionary’ investment slump blamed on Canberra, dividend culture

(28 August 2015, AFR, p1, by Jacob Greber )

‘Business investment plunged last financial year the most since the early 1990s recession, driven by a spending freeze by corporate Australia that is likely to continue because of political uncertainty and shareholders’ obsession with dividends. In a trend likely to undermine Treasurer Joe Hockey’s hopes for a near-term economic rebound, investment spending fell 10.5 per cent to the lowest level since 2011. The dip was twice what was forecast in the May budget.’

Read more (and see the data table of NPAT, dividends, payout rates over 10 years) at AFR.com (might need AFR login access)

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