Activity in the Northern Territory is being held aloft at historically high levels by the Ichthys LNG project.
Is there anything positive at all to glean from these miserable looking numbers? Possibly.
The Estimate 4 figure was towards the more positive end of the range anticipated by the market.
There is not much positive to say about the outlook for mining investment, though, with the Estimate 4 figure crashing by more than 34 per cent over the past year.
So while the Australian economy may not be technically in recession, it will no doubt already be feeling like one in many resources regions, with further declines to come unfortunately.