Deloitte Access Economics said in its June quarter Investment Monitor that:
- Signs investment in the non-resources sector may pick up over the coming year
- This should help the economy transition away from resources investment
- “Non-resources projects will carry a larger burden of the investment agenda going forward, including work funded by the public sector. Indeed, public sector transport projects are shaping as a key driver of future investment activity. The value of transport projects under consideration increased by more than A$16 billion in the June quarter, mainly due to State government investment plans”
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This is the sort of thing that’ll make the RBA happy.
