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1.Market Observations, 8.Was Sticky

30 Nov 2018 (AFR) – Capital expenditure plans pip predictions, says Australian Bureau of Statistics

(30 November 2018, AFR, p6, by John Kehoe)

Australia capex plans (CBA, AFR)

Australia capex plans (CBA, AFR)

‘Business investment dipped in recent months to weigh down short-term economic growth, but firms are expecting to unleash strong capital expenditure for the remainder of this financial year. A fall in spending on building and structures largely due to weakness in mining, offset by a rise in investment in machinery and equipment, caused overall private business investment to edge down 0.5 per cent in the September quarter.’

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

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