Lower commodity prices driving down Western Australian firms

February 10, 2016

Responsive image

The market capitalisation of Western Australian listed companies fell by 2.2% and closing January at A$119.3-billion, as commodity prices continued to remain slumped, advisory firm Deloitte said on Thursday.

“The Western Australian economy is intrinsically linked to the health of the global commodity markets and is being hurt by the continued slowdown in the Chinese economy and the decoupling of its future growth from the investment driven industrial model of the past,” Deloitte clients & markets partner for Western Australia, Tim Richards, said.

Category: General