mart. 12

3 percent in the first quarter

Tags:

Canada Goose Outlet Australia engineering spending at new highs in Q2 Canada Goose Outlet

Canada Goose online SYDNEY, Aug 29 (Reuters) Engineering cheap Canada Goose spending in Canada Goose sale Australia rose to a record high last quarter as work on mining projects helped offset softness in home building, a sign the investment boom cheap canada goose uk in the resources sector has a long way to run yet. Canada Goose online

canada goose black friday sale Wednesday upbeat data from the government reinforced hopes the economy grew briskly in the second quarter, while countering recent concerns that Australia seven year old mining canada goose coats on sale boom was somehow dead and buried. canada goose black friday sale

canada goose coats numbers are still very strong and support our view that the peak for investment Canada Goose online is still a couple of years away, said Michael Workman, a senior economist at Commonwealth Bank. canada goose coats

buy canada goose jacket There has been much Canada Goose Online hand wringing about the investment outlook after mining giant BHP Billiton shelved plans for an expansion at its Olympic Dam copper and uranium mine. buy canada goose jacket

canada goose clearance Despite the delays, Australia is fortunate canada goose uk outlet in that most of the spending underway is on massive multi year projects that canada goose black cheap canada goose sale friday sale are relatively insulated from the buy canada goose jacket ups Canada Goose Coats On Sale and downs of commodity prices. canada goose clearance

canadian goose jacket That is buy canada goose jacket cheap a major reason Australia has been one of the very few developed countries to avoid recession in recent years uk canada goose and why most analysts remain optimistic on canada goose store the current year. canadian goose jacket

canada goose deals think the economy could have grown by around 1 percent in the canada goose second quarter, which would be 4 percent for the year, said Workman. canada goose uk black friday should be a shock to all those recession groupies out there. canada goose deals

Canada Goose Jackets Figures on gross domestic product (GDP) for the second quarter are due out next week and analysts have generally been tipping another robust showing, after a stunningly strong increase of 1.3 percent in the first quarter. Canada Goose Jackets

Canada Goose sale MUCH https://www.canadagoosetomall.com YET TO BE DONE Crucial canada goose coats to that outperformance has been the strength of mining investment, which was canada goose clearance again evident in Wednesday canada goose uk shop construction data. The value of engineering work Canada Goose Outlet done on ports, rails, roads and such rose 0.9 percent in the second quarter to an inflation adjusted A$30.3 billion ($31.4 billion). Canada Goose sale

canada goose clearance sale The rise came on top of an upwardly revised 15.1 percent jump in the first quarter and left spending almost a third higher than the same period last year. canada goose clearance sale

cheap Canada Goose That helped offset softness in home building, where spending slipped 2.4 canada goose clearance sale percent in the second canadian goose jacket quarter. Home construction has been subdued for some time, though cuts in interest rates in May and June could help the sector perk up later this year. cheap Canada Goose

buy canada goose jacket cheap Overall, construction spending dipped 0.2 percent in the quarter, but only because the previous quarter was revised up to show an increase of 7.8 percent from the initial 5.5 percent. buy canada goose jacket cheap

canada goose store As a result, total construction spending came in at A$48.8 billion, Canada Goose Jackets a rise of 14.6 percent for Canada Goose Parka the year and the second highest reading on record. canada goose store

canada goose And there is more to come. At the end of the first quarter, the canada goose factory sale pipeline of engineering work yet to be done stood at A$137 billion, or almost 10 percent of Australia A$1.4 trillion in annual GDP. canada goose

canada goose coats on sale Most of that was in the mining and liquefied natural gas sectors where work yet to be uk canada goose outlet done amounted to A$91.8 billion. That compares to $20 billion as recently as 2009 and just A$1.1 billion a decade ago. (Reporting by Wayne Cole; Editing by Michael Perry) canada goose coats on sale.