Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Growth

Australian businesses in better than expected shape

3 minute read
The Adviser

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.

The ABS’ fifth estimate of expenditure for 2008/09 also rose 14.3 per cent from 2007/08 to $98.145 billion.

COMMENT HERE

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits