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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 (might need AFR login access, or try:


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