Original article by John Kehoe
The Australian Financial Review – Page: 6 : 30-Nov-18
Data from the Australian Bureau of Statistics shows that capital expenditure in the private sector is now expected to top $114.1bn in 2018-19, compared with a previous forecast of $102bn. The mining and manufacturing sectors are tipped to be the key drivers of the upturn in capital expenditure. Meanwhile, the figures show that private sector capex fell by 0.5 per cent in the September quarter, primarily due to lower expenditure in the mining sector.
AUSTRALIAN BUREAU OF STATISTICS, JP MORGAN SECURITIES AUSTRALIA LIMITED, TD SECURITIES, COMMONWEALTH SECURITIES LIMITED, MORGAN STANLEY AUSTRALIA LIMITED