Qld mining CAPEX up 13% or by over $1 billion in 2018

CAPEX_private_Dec18

The December quarter capital expenditure data published by the ABS today have beaten expectations (e.g. see Business investment rebounds in otherwise cooling economy), which means the GDP figures which will be released next week will very likely be better than expected. In Queensland, mining capital investment has been growing strongly, with $9.55 billion of private capital expenditure in the industry in 2018 compared with $8.46 billion in 2017. Nonetheless, I’m still concerned about the economic outlook given recent data we’ve seen on building approvals and business sentiment (e.g. see Qld: Hot or not?).

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Data Science with R: Introduction with a focus on ABS data

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