The NAB business confidence survey had one telling statistic from my perspective

James Marlay
James Marlay Livewire Markets

The NAB business confidence survey had one telling statistic from my perspective. Capital expenditure in the mining sector is at the lowest level since the survey started in 2002. I don't think I fully appreciated how many businesses benefited from the booming mining sector and to a large extent so may have been shocked by how quickly the slowdown has occurred. (VIEW LINK)

Australia economy capital expenditure quantitative easing usa

Comments

Please sign in to comment on this wire.