Login
ISCOVER
Better than expected business investment in the December quarter offered some good news yesterday for the weak economy.
New private capital expenditure rose by 6 per cent in real terms, seasonally adjusted, in the December quarter to $24.894 billion, ABS data showed yesterday.
The result was markedly better than the median market forecast for a fall of 3 per cent.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
The ABS’ fifth estimate of expenditure for 2008/09 also rose 14.3 per cent from 2007/08 to $98.145 billion.
COMMENT HERE
JOIN THE DISCUSSION