{"id":14363,"date":"2016-10-17T20:31:36","date_gmt":"2016-10-18T00:31:36","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14363"},"modified":"2016-10-17T20:31:36","modified_gmt":"2016-10-18T00:31:36","slug":"australia-infrastructure-spending-nosedives","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/10\/17\/australia-infrastructure-spending-nosedives\/","title":{"rendered":"Australia: Infrastructure spending nosedives"},"content":{"rendered":"<p>From Andrew Hanlan at <a href=\"http:\/\/a.email6.westpac.com.au\/?DrCrK54Ps9q-4H07Y0xZ0IAoGa2i8E6tD&amp;https:\/\/wibiq.westpac.com.au\/Publications.aspx?PublicationId=20644\" target=\"_blank\">Westpac<\/a>:<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Infrastructure Activity\" alt=\"Infrastructure Activity\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-10-18-infrastructure.png?w=525&#038;ssl=1\" \/><\/p>\n<blockquote><p>Total real infrastructure activity contracted by almost 10% in the June quarter 2016, to be 26% below the level of a year ago. That was the fourth year of contraction&#8230;..<\/p><\/blockquote>\n<p>Infrastructure construction work is declining rapidly. First, we had the end of the mining boom as existing projects reached completion while demand, mainly from China, contracted. This was followed by falling demand in the oil &amp; gas sector, ending the development boom in that sector. If you think the apartment boom &mdash; driven by investor demand from China &mdash; is going to fill the hole, think again. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Andrew Hanlan at Westpac: Total real infrastructure activity contracted by almost 10% in the June quarter 2016, to be 26% below the level of a year ago. That was the fourth year of contraction&#8230;.. Infrastructure construction work is declining rapidly. First, we had the end of the mining boom as existing projects reached completion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/10\/17\/australia-infrastructure-spending-nosedives\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia: Infrastructure spending nosedives&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,15],"tags":[210,1840,2325],"class_list":["post-14363","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-investment-saving","tag-apartment-boom","tag-infrastructure-investment","tag-mining-cliff"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia: Infrastructure spending nosedives - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Infrastructure spending nosedives - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Andrew Hanlan at Westpac: Total real infrastructure activity contracted by almost 10% in the June quarter 2016, to be 26% below the level of a year ago. That was the fourth year of contraction&#8230;.. Infrastructure construction work is declining rapidly. 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Both have undergone a resources and housing boom. Four charts highlight the differences and similarities between the two countries. Australia's spike in mining investment during the resources boom did serious damage\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16340,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/09\/12-charts-on-the-australian-economy\/","url_meta":{"origin":14363,"position":1},"title":"12 Charts on the Australian economy","author":"Colin Twiggs","date":"June 9, 2018","format":false,"excerpt":"Australian GDP grew at a robust 3.1% for the year ended 31 March 2018 but a look at the broader economy shows little to cheer about. Wages growth is slowing, with the Wage Price Index falling sharply. Falling growth in disposable income is holding back consumption (e.g. retail spending) and\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23238,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/15\/chinese-demand-lifts-iron-ore\/","url_meta":{"origin":14363,"position":2},"title":"Chinese demand lifts iron ore","author":"Colin Twiggs","date":"December 15, 2020","format":false,"excerpt":"China\u2019s top steel mills, including China Baowu Steel Group, and the China Iron & Steel Association (CISA) met on Thursday to investigate soaring iron ore prices. They held a video discussion with BHP who confirmed their production remained strong, with no major weather interruptions to operations. Atilla Widnell, managing director\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22967,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/11\/30\/australias-credit-and-investment-slump\/","url_meta":{"origin":14363,"position":3},"title":"Australia&#8217;s credit and investment slump","author":"Colin Twiggs","date":"November 30, 2020","format":false,"excerpt":"Australian private credit growth slowed to zero (month-to-month) for October 2020, or 1.8% year-on-year. Housing credit shows a slight up-tick, spurred by first home buyer incentives and ultra-low interest rates. But business credit is falling as investment demand plunges to 2008 lows. Capital expenditure contracted sharply in the services sector\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65621,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/08\/11\/prepare-for-china-shock-2-0-and-its-gold-impact\/","url_meta":{"origin":14363,"position":4},"title":"Prepare for China Shock 2.0 and its Gold Impact","author":"Colin Twiggs","date":"August 11, 2026","format":false,"excerpt":"Key Points China's first deflationary shock flooded the global economy with cheap labor in the early 2000s and hollowed out low-tech manufacturing industry in developed economies. A credit-fueled boom followed, with huge investment in infrastructure and real estate to sustain economic growth. A massive speculative real estate bubble developed, forcing\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"China: House Price Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-08-07-china-houseprices.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-08-07-china-houseprices.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-08-07-china-houseprices.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-08-07-china-houseprices.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-08-07-china-houseprices.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":5536,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/20\/prepare-for-the-mining-bust-house-and-holes-macrobusiness-com-au\/","url_meta":{"origin":14363,"position":5},"title":"Prepare for the mining bust &#8211; House and Holes &#124; macrobusiness.com.au","author":"Colin Twiggs","date":"September 20, 2012","format":false,"excerpt":"By Houses and Holes on September 20, 2012 The grey-beards of Australian economics today unite to deliver one enormous wake-up call to the nation, its government, its interests, its media and its people. Don\u2019t get me wrong, the bucket of cold water is not deserved in equal measures. 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