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04 March 2014

The extinction of Australian manufacturing

Here is the what February's capex data says about the prospects for Australian manufacturing

The red dot and line is the investment prospect for 2014/15 and it includes an uplift from a decent realisation ratio. It is at 1992 depths of the recession levels and that's in unadjusted dollar terms. In real terms it is far lower.

I know I poke the media quite a bit for ineptitude, but the silence around this is staggering.

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