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Australian resource sector capex forecast: spending falls further

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Report summary

Wood Mackenzie expects total capital investment across the Australian resources sector will be US$52.5 billion in 2015, down 32% from 2014, and for capex to drop again by almost 40% in 2016. Spend is slowing faster than predicted - we estimate total capex will fall to US$23 billion in 2018, a reduction of 10% from our forecast 12 months ago.

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    Australian resource sector capex forecast: spending falls further

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This report includes 3 images and tables including:

Images

  • Australian capital expenditure by commodity
  • Change in forecast capex

Tables

  • Australian resource sector capex forecast: spending falls further: Table 1

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