Business investment in Vic slumps
Feb 29th 2004, 11:53 pm
#1
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Joined: Aug 2003
Posts: 11,149
Business investment in Vic slumps
http://www.theage.com.au/articles/20...989433749.html
Business investment in Victoria slumped again in the December quarter, adding to the state's economic slowdown and suggesting that this week's national accounts could bring more bad news.
On top of earlier data showing that total spending in Victoria grew just 2.8 per cent in the year to September, compared with 4.5 per cent nationally, recent figures suggest Victoria will again lag behind when the December accounts come out on Wednesday.
Figures just released by the Bureau of Statistics show seasonally adjusted business investment in Victoria fell by 3.8 per cent in the December quarter, the third decline in four quarters, while rising 3.9 per cent in the rest of Australia. Even on smoothed trend figures, business investment rose 11 per cent nationally in 2003, but just 0.8 per cent in Victoria.
Business investment in Victoria slumped again in the December quarter, adding to the state's economic slowdown and suggesting that this week's national accounts could bring more bad news.
On top of earlier data showing that total spending in Victoria grew just 2.8 per cent in the year to September, compared with 4.5 per cent nationally, recent figures suggest Victoria will again lag behind when the December accounts come out on Wednesday.
Figures just released by the Bureau of Statistics show seasonally adjusted business investment in Victoria fell by 3.8 per cent in the December quarter, the third decline in four quarters, while rising 3.9 per cent in the rest of Australia. Even on smoothed trend figures, business investment rose 11 per cent nationally in 2003, but just 0.8 per cent in Victoria.
Feb 29th 2004, 11:55 pm
#2
Thread Starter
Joined: Aug 2003
Posts: 11,149
But the rest of us are getting on fine
http://www.abs.gov.au/Ausstats/abs%4...256dee0071f44a!OpenDocument
http://www.abs.gov.au/Ausstats/abs%4...256dee0071f44a!OpenDocument
Feb 29th 2004, 11:55 pm
#3
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Joined: Jan 2003
Posts: 1,621
Re: Business investment in Vic slumps
Originally posted by bondipom
http://www.theage.com.au/articles/20...989433749.html
Business investment in Victoria slumped again in the December quarter, adding to the state's economic slowdown and suggesting that this week's national accounts could bring more bad news.
On top of earlier data showing that total spending in Victoria grew just 2.8 per cent in the year to September, compared with 4.5 per cent nationally, recent figures suggest Victoria will again lag behind when the December accounts come out on Wednesday.
Figures just released by the Bureau of Statistics show seasonally adjusted business investment in Victoria fell by 3.8 per cent in the December quarter, the third decline in four quarters, while rising 3.9 per cent in the rest of Australia. Even on smoothed trend figures, business investment rose 11 per cent nationally in 2003, but just 0.8 per cent in Victoria.
http://www.theage.com.au/articles/20...989433749.html
Business investment in Victoria slumped again in the December quarter, adding to the state's economic slowdown and suggesting that this week's national accounts could bring more bad news.
On top of earlier data showing that total spending in Victoria grew just 2.8 per cent in the year to September, compared with 4.5 per cent nationally, recent figures suggest Victoria will again lag behind when the December accounts come out on Wednesday.
Figures just released by the Bureau of Statistics show seasonally adjusted business investment in Victoria fell by 3.8 per cent in the December quarter, the third decline in four quarters, while rising 3.9 per cent in the rest of Australia. Even on smoothed trend figures, business investment rose 11 per cent nationally in 2003, but just 0.8 per cent in Victoria.
Mar 1st 2004, 12:16 am
#5
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Posts: 1,621
Originally posted by bondipom
"...quick gazza these dumb ozzies won't even notice it missing"!!!
Last edited by Florida_03; Mar 1st 2004 at 12:29 am.
Mar 1st 2004, 12:29 am
#6
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Joined: Mar 2003
Posts: 4,432
March 1 (Bloomberg) -- Australian rock lobster fisherman Nick Webber will quit his business this month after a rising local currency, fueled by higher interest rates, more than halved his annual income to A$40,000 ($31,000).
Australia Central Bank May Hold Rates as Dollar Gains
March 1 (Bloomberg) -- BHP Billiton, the world's biggest mining company, agreed to sell iron ore to four Chinese steelmakers, including Tangshan Iron & Steel Co., under a 25-year contract worth about $9 billion.
BHP Billiton Wins $9 Bln Iron Ore Contract With China
Australia Central Bank May Hold Rates as Dollar Gains
March 1 (Bloomberg) -- BHP Billiton, the world's biggest mining company, agreed to sell iron ore to four Chinese steelmakers, including Tangshan Iron & Steel Co., under a 25-year contract worth about $9 billion.
BHP Billiton Wins $9 Bln Iron Ore Contract With China
Mar 1st 2004, 12:32 am
#7
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Joined: Jan 2003
Posts: 1,621
Originally posted by Megalania
March 1 (Bloomberg) -- Australian rock lobster fisherman Nick Webber will quit his business this month after a rising local currency, fueled by higher interest rates, more than halved his annual income to A$40,000 ($31,000).
Australia Central Bank May Hold Rates as Dollar Gains
March 1 (Bloomberg) -- BHP Billiton, the world's biggest mining company, agreed to sell iron ore to four Chinese steelmakers, including Tangshan Iron & Steel Co., under a 25-year contract worth about $9 billion.
BHP Billiton Wins $9 Bln Iron Ore Contract With China
March 1 (Bloomberg) -- Australian rock lobster fisherman Nick Webber will quit his business this month after a rising local currency, fueled by higher interest rates, more than halved his annual income to A$40,000 ($31,000).
Australia Central Bank May Hold Rates as Dollar Gains
March 1 (Bloomberg) -- BHP Billiton, the world's biggest mining company, agreed to sell iron ore to four Chinese steelmakers, including Tangshan Iron & Steel Co., under a 25-year contract worth about $9 billion.
BHP Billiton Wins $9 Bln Iron Ore Contract With China
Mar 1st 2004, 12:36 am
#8
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Joined: Mar 2003
Posts: 4,432
Originally posted by Florida_03
Global...smobal...let them swim in their own affluence...
Global...smobal...let them swim in their own affluence...
Mar 1st 2004, 12:38 am
#9
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Posts: 1,621
Originally posted by Megalania
Swimming back from Florida?
Swimming back from Florida?
Mar 1st 2004, 12:52 am
#11
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Posts: 1,621
Originally posted by Megalania
Dangerous swim for world record breaker
Susie Maroney hangs up swimming costume
Dangerous swim for world record breaker
Susie Maroney hangs up swimming costume
SUSIE MARONEY
"First of all I got all this grease on me, and then I start off on my swim. It was pretty cold, but you know, I just had to keep on going."
Mar 1st 2004, 10:51 am
#12
Forum Regular
Joined: Feb 2003
Location: Leicester
Posts: 81
Re: Business investment in Vic slumps
Originally posted by Florida_03
How are those Leicester City boys going???
How are those Leicester City boys going???
Why you ask?
Scoops
