ABS data shows boom not over yet

OFFICIAL figures show mining companies are continuing to spend more on expansion, but a pull back is expected over coming months.

Bureau of Statistics capital expenditure figures show businesses across the economy spent 2.8 per cent more on new equipment and buildings in the September quarter than in the previous three month period.

Spending on buildings was up 1 per cent, while spending on equipment and machinery jumped 6.2 per cent.

The mining sector continued to drive the gains, with current spending on buildings up 1.5 per cent and purchases of equipment, plant and machinery up 9.5 per cent.

However, while actual spending is well up on last quarter and last year, future spending plans in the mining sector have been wound back, with the latest estimate for capital expenditure in the resources industry down 8.1 per cent on the previous one.

Read more at ABC news online.


Students learn life lessons through dance

Students learn life lessons through dance

Gatton school collects two awards at Wakakirri.

Tractors tackle 153km trek

Tractors tackle 153km trek

More than 60 drivers and their passengers took part.

Sick and tired after dust issues ramp up

Sick and tired after dust issues ramp up

He believes traffic in the area has cause the issues to ramp up.

Local Partners