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1.Market Observations

30 Aug 2019 (AFR) – Business investment falls, outlook flat

(30 August 2019, AFR, p5, Matthew Cranston, Economics correspondent)

Australian capex plans (Westpac, AFR)

Australian capex plans (Westpac, AFR)

‘Business is unlikely to increase their investment spending this financial year after a disappointing June quarter for capital expenditure forced economists to predict economic growth will be just 1.5 per cent – the slowest since financial year 2009. ABS figures released on Thursday showed actual business investment was down 0.5 per cent in the June quarter in seasonally-adjusted terms, lower than market expectations of a 0.4 per cent gain.’

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

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