Business Services Industry
Business investment strikes gold in mining boom.
Australasian Business Intelligence, September, 2005
Byline: Katharine Murphy
Sep 01, 2005 (The Australian - ABIX via COMTEX) -- Business investment increased in Australia during 2004-05, led by the resources
industry. The Australian Bureau of Statistics reports that capital expenditure rose to a record $A57 billion in 2004-05.
Resources companies invested $A10 billion in new projects during the period. Investment spending was $A15 billion in the June quarter of 2005, a rise of 7.3 per cent. Investment
by mining companies rose by 13 per cent over the quarter. The increase in investment will lead to a rise in export volumes.
Publication Date: 2 September 2005
AUSTRALIAN BUREAU OF...
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