Australian EconomyFeatured Article

Capex outlook firms from catastrophic to dire

David Llewellyn-Smith
Thursday 1 September 2016
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Some good news here (or, at least, less dire) in today’s ABS capex numbers. The 3rd guess for total 2016/17 spending is -9% lower year on year but jumped 15% from the 2nd estimate:

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Mining is still collapsing 24.2% but is 14.5% higher than the 2nd estimate for 2016-17:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.