Original article by Mark Mulligan
The Australian Financial Review – Page: 31 : 14-Jun-16

National Australia Bank notes that capital expenditure in the mining sector has fallen to around 4.5 per cent of GDP, compared with eight per cent at the height of the resources boom. The bank expects capex to reach a low of just 1.5 per cent of GDP by 2018. NAB also notes that the downturn in employment in the mining sector has been slower than anticipated, although this is expected to gather pace in coming years with the loss of a net 50,000 by 2019.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN BUREAU OF STATISTICS