{"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_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-infrastructure","tag-apartment-boom","tag-infrastructure-investment","tag-mining-cliff"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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. 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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. 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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":23238,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/15\/chinese-demand-lifts-iron-ore\/","url_meta":{"origin":14363,"position":3},"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. 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The result is persistent disinflationary, if not deflationary, pressure, despite aggressive monetary\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17863,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/02\/11\/why-the-rba-shouldnt-cut-interest-rates\/","url_meta":{"origin":14363,"position":5},"title":"Why the RBA shouldn&#8217;t cut interest rates","author":"Colin Twiggs","date":"February 11, 2019","format":false,"excerpt":"There are growing cries in local media for the RBA to cut interest rates in order to avoid a recession. House prices are falling and shrinking finance commitments point to further price falls. 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