The volume of investments planned by Australian companies for the 2018-2019 fiscal year has grown significantly


Australian companies in the third quarter of 2018 reduced the volume of capital investments relative to the same period in 2017 by 0.5%, according to the statistics agency of Australian Bureau of Statistics. The decline was a surprise for experts who had expected it to grow by 1%. At the same time, according to forecasts, the volume of investments for the fiscal year ending March 31, 2019, will show significant growth and reach 114 billion 100 million Australian dollars. The index score increased by 11.3%, noting the maximum increase over the past 19 years. Among the Australian companies that have significantly raised their investment plans, is mining company Rio Tinto, which announced that it intends to invest 2,600 million US dollars in the development of the field in Western Australia.

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