Reserve Bank of Australia - Guy Debelle, Deputy Governor, speaking at the Business Investment in Australia conference.
Says:
- signs of life in investment spending outside the resources sector
- revised data show solid upward trend in non-mining investment
- investment concentrated in health, information, media and telecommunications
- pick up in infrastructure spending has spilled over into other investment
- signs around the world that business investment is finally recovering
Quick Headlines via Reuters
Debelle upbeat on investment in his speech. This should be a positive of the AUD, but the impact likely to be minor. Especially as its Sunday evening nearly everywhere else on the planet.
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