Mining Boosts Australia Business Investment to 8-Year High, Outlook Upbeat

  • Friday, December 1, 2023
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,steel
[Fellow]Australian business investment rose to an eight-year high in the September quarter thanks to a rebound in mining, while plans for future spending were upgraded in a much-needed boost for economic growth.

【Ferro-alloys.com】:Australian business investment rose to an eight-year high in the September quarter thanks to a rebound in mining, while plans for future spending were upgraded in a much-needed boost for economic growth.

Data from the Australian Bureau of Statistics on Thursday showed private capital spending rose a real 0.6% in the third quarter from the previous quarter, led by a 5.6% increase in the mining sector.

  • [Editor:Alakay]

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