If Better is Possible
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Building and structures investment exploded 20 per cent higher over the year in NSW, while plant and equipment investment was up by a pretty solid 5 per cent. Huge investment numbers for the Premier State click to expand the graphic :.
Now imagine what might be possible if we could actually make it into shops and get around the joint! There was also steadier trend growth in Victoria, South Australia, and Queensland, while Tassie was off the charts with capital investment up by a ripping 33 per cent over the year to September, albeit from a low base in this cycle. Unfortunately this was offset by shrinking investment in Western Australia - the quarterly trend now a walloping 62 per cent below the heady peaks - while Ichthys LNG investment has now dropped off the charts for the struggling Northern Territory.
On the plus side a number of iron ore and other resources projects are now hoving into view for WA, so from a sentiment perspective the bottom is now likely to be in out west. Brighter times ahead. You are commenting using your Google account.
If better is possible good is not enough
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Pete Wargent Daily Blog: If better is possible
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