Qld business investment grew at nearly 15% per quarter in mid-2011

OESR’s State Accounts for September 2011, which were released today, contain this chart showing the massive growth in business investment (primarily resources sector related) in the June and September quarters of last year:

The massive level of investment occurring across Queensland at the moment is the reason I’m so bullish about our economy. This investment has a big direct impact on economic activity that will make up for sluggishness in tourism and manufacturing.

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