Abstract Free > Australia
The outlook for business investment is healthy, with the stalling in growth over the past nine months (including an expected weak June quarter) largely due to further declines in mining sector engineering construction activity. Over the next two years, all of the major investment categories - apart from engineering construction - are expected to grow strongly. As a result, after a cumulative 24% decline over the 4 years to FY17, new business investment will finally see an increase in FY18 (+4.9%). The completion of the LNG installations will be a drag over the next year, but despite this, we see further increases of 1.4% and 3.3% in FY19 and FY20 respectively as investment builds momentum.
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