Business Services Industry

Business spending cuts trim expansion.

Australasian Business Intelligence, December, 2006

Byline: Alexander Symonds

Dec 06, 2006 (The Australian Financial Review - ABIX via COMTEX) -- There is speculation that the severity of Australia's skills shortage will continue to impair economic growth. Companies such as BHP Billiton are struggling to find skilled staff for mining and resources projects, which has led to economists at the National Australia Bank and the ANZ Bank to forecast investment will further weaken between October and December 2006. Although business investment deteriorated 1.4 per cent in the three months to 30 September 2006, there are some companies persisting with large investments, such as Dyno Nobel and Toll Holdings. However, Dyno Nobel's planned development of a $A500 million ammonium nitrate plant in Queensland has been...

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