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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Decline in Australia’s Business Investments

February, 23 2017
watermark Economic news

Business investments in Australia dropped for the fourth straight quarter as miners lessened while other sectors had increased their plan for expenditures for the year giving a hint of recovery. On Thursday, the report from the Australian Bureau of Statistics showed the decline up to 2.1 percent for the fourth quarter amounting to A$27.6 billion equivalent to $21.18 billion, higher than the expected downturn of 1 percent.


This was mainly influenced by the mining sector where spending has declined by 9 percent despite the recent increase in investments in the manufacturing sector. Even if the expenses on equipments, factories and machineries which could boost the economy, were not sufficient after an unexpected decline in the last quarter.  It is anticipated for figures to reach 0.6 to 0.7 percent economic growth in reports next week.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.