The sustained decline in capex announcements was led by a sharp decline in new project announcements by the private sector. New private sector projects fell 64% in the September quarter compared to the June quarter. From nearly a six-year-low in the June quarter, new public sector projects increased 64%. However, the value of new public sector projects in the just-ended quarter is about 2% lower compared to the same period last year. As much as 11% of all projects under implementation remain stalled, while 24% of all private sector projects remain stalled.
Source: Mint October 03, 2018 04:30 UTC