Capital spending plans top $100 billion

Posted on 9/03/2010  
Business investment looks set to be a major plank of economic growth with new data showing capital expenditure plans reaching over $100 billion in this financial year and next. Australian Bureau of Statistics data shows the fifth estimate of investment intentions in the financial year ending 30 June 2010 was $110.6 billion, a 6.7% upgrade on the previous estimate released in November 2009. Economists say this optimism among businesses reflects expectations of a continuing rebound in economic growth and mega resource projects.

« Back