Almost a quarter of Australia's businesses have decreased or cancelled investment plans in the last three months, and the two biggest factors weighing on their minds are uncertainty about the future and concerns about future demand.
Almost one quarter of Australia's businesses have decreased or cancelled their investment plans in the last three months, and the two biggest factors weighing on their minds are uncertainty about the future and concerns about future demand.More than a third of businesses expect to struggle financially over the next three monthsNew capital expenditure fell by 5.9 per cent in the June quarter, after dropping 2.
According to a separate ABS survey out today, there was also a large contraction in new private capital investment in the June quarter , which coincided with stage 3 restrictions across the country in April and May and the record-low business confidence experienced at that time.
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