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Total private investment in capital in Tasmania has
fallen for the fifth successive quarter.
The Leader of the Opposition, Will Hodgman, said an
Australian Bureau of Statistics (ABS) report on
capital expenditure released today highlights a lack
of willingness by the private sector to commit to
capital investment projects.
The ABS report reveals that in trend terms there
was;
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a 28% fall in
the private capital expenditure on buildings and
structures for the December 2006 quarter
compared with the previous December quarter, and
an overall 43% decrease over the last 12 months; |
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a 42%
decrease in the capital expenditure in
equipment, plant and machinery for the December
2006 quarter compared with the previous December
quarter, and a 17% decrease over the last 12
months; and |
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a 38%
decrease in total private capital expenditure
for the State in December 2006 compared with the
previous December quarter and a 25% decrease
over the last 12 months. |
Nationally, total private capital expenditure across
Australia has increased 14.5% over the last 12
months.
“These figures indicate a lack of growth amongst
Tasmanian businesses and a reluctance by interstate
and international business to set up operations in
Tasmania, compared with other states,” Mr Hodgman
said.
“It highlights the need for long-term strategies
from the government to make Tasmania an attractive
place for businesses to invest and create more
jobs.”
Ends
Further information:
Will Hodgman -
0439 482 931
Jay Pleass - 0400 904 892
Ref…capitalexpenditure.mar0103jp
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