RBA's Debelle speech: Sounds upbeat on non-mining investment

Guy Debelle, Deputy Governor of the RBA, is giving a speech at the 2017 UBS Australasia Conference, Sydney, saying that an upward trend in Australia non-mining investment is currently underway. 

Headlines

Pick up in infrastructure spending has spilled over into other investment

Signs around the world that business investment is finally recovering

Signs of life in investment spending outside the resources sector

Revised data show solid upward trend in non-mining investment

Investment concentrated in health, information, media and telecommunications

Solid upward trajectory in non-mining investment

Services, infra spending boosting nonmining invest

Tourism demand increased with lower aud

Commodity price very much dependent on demand side

Near-term coal, iron ore price affected by china demand

If commodity demand falls, prices will fall and vice-versa

Not much prospect of material rise in resources invest