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It’s going to be a decent year ahead for business investment which is no great surprise given the huge budget incentives for just that.
The headline is tracking for the highest level in a few years:
- Estimate 4 for 2021-22 is $138.6b
- This is 8.7% higher than Estimate 3 for 2021-22
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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.