Australia's Private Capex Falls Sharply In September Quarter

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Nov 27, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Private capital expenditure in Australia dropped sharply in the third quarter, driven by renewed weakness in mining investment. Australian firms held back on investing in new capital in the three months through September, signalling business confidence is still weak amid Australia's economic transition away from mining-driven growth. Private capex plummeted[​IMG]

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