Capex slide puts budget forecasts in doubt

By Peter Martin
Updated November 27 2015 - 9:13am, first published 5:34am
Capital expenditure figures released on Thursday show investment collapsed 9.2 per cent in the September quarter – the biggest quarterly slide since records began almost 30 years ago. Photo: Jessica Shapiro
Capital expenditure figures released on Thursday show investment collapsed 9.2 per cent in the September quarter – the biggest quarterly slide since records began almost 30 years ago. Photo: Jessica Shapiro

Business investment is collapsing at a record pace as resource companies accelerate cutbacks amid slides in coal, iron ore and gas prices.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Wollongong news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.