ICAP senior economist Adam Carr said the global financial crisis does not seem significant decrease induced investment offers the chance of a massive scaling back planned spending in the future is even less likely now. "If we do not get serious collapse of retail sales are expected I do not see how a rational central bank, sitting with well above the inflation target, may leave rates at any Super stimulation setting for long," Carr said.Private new capital expenditures
on buildings and equipment in Australia rose -- 3.3% to A $ 24.07 billion in the second quarter of 2009 from A $ 23.31 billion in the first quarter, the Australian Bureau of Statistics said on Thursday. Economists expected a decrease of 5.0%. Companies estimated that they expect to spend A $ 90.56 billion on capital investments in 2009-10, down 10.4% from 2008-09. Previous estimate was for a fall of 11.7%. Economists said the overall strength of the investment, combined with data Wednesday showing a strong construction activity in the second quarter, economic growth forecasts meant to be revised higher. Macquarie Research interest rate strategist Rory Robertson said the investment business, which was caught on the "weak" Australia's economic outlook by policymakers and economists earlier this year, is now looking for a lot less weak. "All up, Australia's economic Outlook just lit up again through a less downbeat on investment business," said Robertson. "It could be a big deal if the Reserve Bank of Australia is really as keen on removing the 3% rate setting its 'emergency' cash as some analysts suspect," he said. Stephen Walters, chief economist at-JPMorgan, said while some partial indicators of economic growth to be published in the coming days, growth of 1.0% more than can be expected in Australia in the second quarter. Business tax incentives introduced by the government to support the expenses explained how the power of business investment, but is a clear business investment will be relatively strong next year, he added. Australian national accounts data will be announced on Wednesday is expected to show consumer strengthening the local economy and flexible.
For more like a visit: http://online.wsj.com/article/BT-CO-20090827-700189.html
on buildings and equipment in Australia rose -- 3.3% to A $ 24.07 billion in the second quarter of 2009 from A $ 23.31 billion in the first quarter, the Australian Bureau of Statistics said on Thursday. Economists expected a decrease of 5.0%. Companies estimated that they expect to spend A $ 90.56 billion on capital investments in 2009-10, down 10.4% from 2008-09. Previous estimate was for a fall of 11.7%. Economists said the overall strength of the investment, combined with data Wednesday showing a strong construction activity in the second quarter, economic growth forecasts meant to be revised higher. Macquarie Research interest rate strategist Rory Robertson said the investment business, which was caught on the "weak" Australia's economic outlook by policymakers and economists earlier this year, is now looking for a lot less weak. "All up, Australia's economic Outlook just lit up again through a less downbeat on investment business," said Robertson. "It could be a big deal if the Reserve Bank of Australia is really as keen on removing the 3% rate setting its 'emergency' cash as some analysts suspect," he said. Stephen Walters, chief economist at-JPMorgan, said while some partial indicators of economic growth to be published in the coming days, growth of 1.0% more than can be expected in Australia in the second quarter. Business tax incentives introduced by the government to support the expenses explained how the power of business investment, but is a clear business investment will be relatively strong next year, he added. Australian national accounts data will be announced on Wednesday is expected to show consumer strengthening the local economy and flexible.For more like a visit: http://online.wsj.com/article/BT-CO-20090827-700189.html
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