On Friday, the ABS has released the annual national accounts to June 2019, which reported that overall capital expenditure (“Gross fixed capital formation”) decreased 1.4% in 2018-19, and collapsed to 23.3% of GDP from 24.3% the year prior:

Mining investment continued to fall to 2.6% of GDP from 3.0% the year prior and a peak of 8.9% in 2012-13:
There are 1065 words left in this subscriber-only article.