More info out today specifically re mining capex which forms part of the 'engineering capex' illustrated in graph above. ABS sight has loads more detail.
By Leith van Onselen
The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the December quarter of 2016, which registered another 2.1% seasonally adjusted fall in capex volumes over the quarter and a 15.5% decrease over the year (see below table).
Graph shows the woeful macro, page-2
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