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1.Market Observations, 8.Was Sticky

1 Feb 2017 (TheAge) – Resource spending downturn yet to bottom, says Deloitte report

(1 February 2017, The Age, BusinessDay, p21, Brian Robins)

‘The collapse in resource sector spending has yet to run its course, with the looming completion of as much as $100 billion of outlays on gas projects to slash the level of engineering construction to the lowest level since 2009, a report by Deloitte Access Economics has found. The decline follows a drop of almost a quarter in the year to September, to the lowest level since 2010, according to its its quarterly Investment Monitor.’

Read more at TheAge.com.au

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