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1.Market Observations, 8.Was Sticky

2 Sept 2016 (TheAge) – Capex: investment outlook the worst since 2010-11

(2 Septembe 2016, The Age, BusinessDay, p21, Peter Martin)

‘New investment intentions figures point to a shocking financial year ahead with mining investment down 22 per cent, manufacturing investment flat, and other investment down 16 per cent. The Bureau of Statistics figures, collected from the chief financial officers of the major companies, are bleaker than the soundings of the Reserve Bank board which in its last minutes pointed to “signs that non-mining business investment was rising in some parts of the economy”. ‘

Read more at TheAge.com.au

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