Business confi9dence and capital injestment up

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Jovial Monk

Business confi9dence and capital injestment up

Post by Jovial Monk » Tue Jul 14, 2009 1:10 pm

NAB chief economist Alan Oster said the strength in business conditions was welcome, albeit it surprising, news.

"That's really good. Very few places in the rest of the world have got that," Mr Oster said.

Mr Oster attributed the improvement in conditions to firms bringing forward capital expenditure plans to take advantage of government investment allowances and consumers hitting the shops armed with their government generated cash handouts.

The mining sector was also upbeat due to a less bleak global outlook.
http://news.smh.com.au/breaking-news-bu ... -djjh.html

Good, eh?

Was worried, what with El Nino re-establishing itself that rural exports, which have carried us, would decline with drought growing in severity, MD drying up etc

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