Global capex set to shrink as commodities crunch bites

By Vanessa Desloires
Updated August 5 2015 - 1:08am, first published 12:53am
Energy and mining companies, which made up nearly 40 per cent of global capex in 2014, will drive the continued weakness in corporate spending around the world. Photo: Jonathan Drake
Energy and mining companies, which made up nearly 40 per cent of global capex in 2014, will drive the continued weakness in corporate spending around the world. Photo: Jonathan Drake

Conditions for Australia's engineering and construction companies are set to worsen as the full effect of the post-commodities boom takes hold, with a survey showing business investment globally is likely to shrink for the next two years.

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