Business investment spikes in March quarter
Business investment was propelled by a 12 per cent rise in machinery and equipment, the strongest rise since December quarter 2009, according to the ABS.
The Australian Bureau of Statistics’ (ABS) National Accounts: National Income, Expenditure and Product has revealed that private investment rose by 5.3 per cent in the March quarter, to be 3.6 per cent higher through the year, marking the first through the year rise since June quarter 2018.
Read more at The Adviser
