Via Deloitte:
Business investment is set to accelerate in the years ahead, but – partly due to slower economic growth and a softening of investment conditions in the non-mining sector – the recovery will be slower than previously expected.
Releasing the latest edition of Deloitte Access Economics’ quarterly Investment Monitor, Deloitte Access Economics partner and report lead author, Stephen Smith, said: “The pace of growth in Australia’s economy has slowed in recent quarters. That matters for investment because businesses are more willing to invest in increasing their production capacity if demand is strong. This is already showing up in easing measures of capacity utilisation, especially in the wholesale and retail sectors, and weaker business confidence.
