business investment

The slump in business investment expectations captured by the Australian Bureau of Statistics (ABS) in March’s quarter capital expenditure survey was by far the biggest negative economic news in recent months. This note looks at the relationship between the survey and the actual level of business investment subsequently revealed in... Show More

Australia’s resources based economy is a lot like… Canada. And what’s happening in Canada? Canada’s economy shrank in the first quarter, which was the first time it has contracted since 2011 as falling energy prices prompted a decline in business investment. “Gross domestic product fell at a 0.6 percent annualized... Show More