You are viewing:-
you're reading...
1.Market Observations, 2.Economic forecasts, 8.Was Sticky

2 June 2017 (AFR) – Capex rises for the 1st time in 5 quarters, retail sales surge 1pc

(2 June 2017, AFR, p4, by Jacob Greber)

Retail sales growth‘A four-year slide in investment by companies shows nascent signs of bottoming out as firms boosted spending for the first time in five quarters and upgraded their outlook for the coming financial year. While the shift is unlikely to deliver any significant uptick in overall economic growth – stoking fears the economy is at risk of contracting for two straight quarters – it suggests the negative drag from the waning resources boom is peetering out.’

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

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: