Mineral and petroleum exploration fell in Q1

Monday 30 May 2016

The Australian Bureau of Statistics (ABS) today released its Mineral & Petroleum Exploration data for the March quarter, which revealed broad-based falls.

Nationally, expenditure on minerals exploration fell by a seasonally-adjusted $17 million (-4.7%) over the March quarter (see next chart).

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.