Capex slide puts budget forecasts in doubt

By Peter Martin
Updated November 27 2015 - 9:13am, first published 5:34am
Capital expenditure figures released on Thursday show investment collapsed 9.2 per cent in the September quarter – the biggest quarterly slide since records began almost 30 years ago. Photo: Jessica Shapiro
Capital expenditure figures released on Thursday show investment collapsed 9.2 per cent in the September quarter – the biggest quarterly slide since records began almost 30 years ago. Photo: Jessica Shapiro

Business investment is collapsing at a record pace as resource companies accelerate cutbacks amid slides in coal, iron ore and gas prices.