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PwC backs resources magnet

NEW analysis by PricewaterhouseCoopers has said that the massive investment Australia’s resources sector has attracted, sucking resources from “sectors with lower ratios” of value-adds, is good for the overall economy; while predicting the continued decline of the manufacturing sector.

Anthony Barich
PwC backs resources magnet

It terms "value-add" as the value of outputs to inputs, and on this mark the oil and gas sector is a giant, contributing around 2% to national output. With value-added of some $32 billion in 2012-13,...

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