Making sense of mixed fortunes in business investment

A modest rise in capital expenditure has surprised the market, but declines in mining and manufacturing will continue to weigh on the Reserve Bank's outlook.

Capital expenditure surprised the market by rising modestly in the September quarter but the outlook, while improved, remains fairly bleak. Non-mining investment is set to collapse over the next year and right now non-mining investment is in a poor position to absorb those losses.


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