|
(CEP News) - Total private capital expenditures in Australia advanced 5.7% compared to the first three months of 2008, according to a report from the Australian Bureau of Statistics on Thursday.
The result was better than the consensus 2.7% growth projection. Meanwhile, Q1's 2.5% quarterly contraction was revised to a 1.0% rate of expansion. Investment in building and structures declined 0.5% on the quarter after rising 1.5% previously, while investment in plant building and equipment expanded at a rate of 8.0% after rising 1.4% in Q1. In annual terms, total private capital expenditures grew 8.1% compared to the 8.4% rate of growth recorded in the first three months of 2008. By Erik Kevin Franco,
This email address is being protected from spam bots, you need Javascript enabled to view it
, edited by Nancy Girgis,
This email address is being protected from spam bots, you need Javascript enabled to view it
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer. |
