Australia Investment Spending Jumps 14% on LNG, Deloitte Says

Australia’s business investment jumped 14 percent in the third quarter, led by liquefied natural gas projects in resource-rich states Western Australia and Queensland, a Deloitte Access Economics report showed.

Projects valued at A$406.8 billion ($434 billion) were committed or in progress as of Sept. 30, up A$49.8 billion from the previous three months, the Canberra-based research company said in a report today.