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1.Market Observations, 8.Was Sticky

8 Nov 2016 (AFR) – Warnings for food and grocery sector as capital investment slumps

(8 November 2016, AFR, p16, by Sue Mitchell)

‘Food and grocery manufacturers have renewed calls for tax cuts and investment allowances following a slump in capital investment to the lowest levels since the global financial crisis. Capital investment in food, beverages and tobacco fell 14.2 per cent in 2014-15 to just over $2.7 billion – the lowest level since 2009-10 – according to the Australian Food and Grocery Council’s latest state of the industry report.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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