Resource exploration recovering - ABS

New data released by the Australian Bureau of Statistics (ABS) has shown a recovery in exploration spending, with total expenditure up by 6.6%, or A$26.4-million in the June quarter, to A$428.5-million. The ABS said on Monday that Western Australia was the largest contributor to the increase in the trend estimate this quarter, with spending up 6.5%, or by A$17.4-million.