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ANZ write "capex rose a solid 2% q/q in...>

AUSTRALIA
AUSTRALIA: ANZ write "capex rose a solid 2% q/q in Q4, as machinery & equipment
spending rose a modest 0.7% and (in contrast to yesterday's very weak
construction work done numbers) private non-residential construction rose a
strong 3.2%. The RBA is likely to be relieved with the upgrade to investment
plans. It is particularly important given the barrage of negative news over
recent months, and suggests that despite the increase in downside risks for the
economy, businesses remain relatively upbeat about the future."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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