Subscribe to RSS feedInvestment in heavy machinery crashes
Skelton Sherborne Shipping has warned the outlook for imports of heavy machinery looks bleak after figures from the heavy equipment specialist's new imports index revealed a 90% decline in activity since August last year.
Brad Skelton: Predicts another year of low volumes
The value of mining and construction equipment imported to Australia has plunged by 77% since December 2008 to $100m in June, according to the first in a series of monthly reports compiled by the company.
The slump in spending was a reflection...
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