RBA's Debelle speech: Sounds upbeat on non-mining investment
|Guy Debelle, Deputy Governor of the RBA, is giving a speech at the 2017 UBS Australasia Conference, Sydney, saying that an upward trend in Australia non-mining investment is currently underway.
Headlines
Pick up in infrastructure spending has spilled over into other investment.
Signs around the world that business investment is finally recovering.
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.
Solid upward trajectory in non-mining investment.
Services, infra spending boosting nonmining invest.
Tourism demand increased with lower aud.
Commodity price very much dependent on demand side.
Near-term coal, iron ore price affected by china demand.
If commodity demand falls, prices will fall and vice-versa.
Not much prospect of material rise in resources invest.
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