In particular, following some data revisions that I referred to recently, it now appears that there has been a solid upward trajectory in non-mining business investment over the past couple of years. [13] Where has the growth been?
The annual national accounts data indicate that much of the growth in business investment in recent years has been in the services sector, including industries such as health, information, media and telecommunications (Graph 9). Service industries are not necessarily less capital intensive. Graph 9  The services sector does not have good coverage in the ABS capital expenditure survey, particularly health and education.