The ABS has released its fourth survey for 2015/16 capex expectations and is OK if you only if you’re a real optimist:
Estimate 4 for total capital expenditure in 2015-16 is $120,353m. This is 20.9% lower than Estimate 4 for 2014-15. The main contributor to this decrease is Mining (-34.1%). Estimate 4 is 4.0% higher than Estimate 3 for 2015-16. The main contributor to this increase is Other Selected Industries (+6.1%).
MINING