Flagging business investment will pose a problem for policymakers and could rekindle talk of lower interest rates.
The projections of business capital expenditure produced every quarter by the Australian Bureau of Statistics (ABS) have to be interpreted with caution.
There's a gap between plans and final outcomes, and that gap can vary enormously from year to year.
But the message from the latest figures, collected in January and early February, is clear enough.
The value of capex, as economists call it, is unlikely to rise much at all in the current financial year, 2013/14.
That means it's likely to fall as a proportion of the economy's total output, gross domestic product (GDP).
But it gets worse.
The initial estimates for 2014/15, are also published on Thursday, and they point to fall in capex in that year.
Not only is mining capex set to drop sharply, something economists have been expecting, but investment in the rest of the economy looks set to drop, too.
The RBA likes to temper the projections with additional information.
It's found the projections can best be interpreted in the context of measures of business conditions, like the NAB's monthly index which has been rising strongly of late.
If conditions continue to firm, or even just sustain the gains reported in the past few months, there's an outside chance that non-mining business investment might even rise enough to avoid falling as a percentage of GDP.
But that would be very much a best-case scenario.
More likely, non-mining business investment will remain weak, compounding, rather than offsetting the mining investment wind-down.
It's not supposed to happen that way, according to the script being pushed in the past couple of years by the Reserve Bank of Australia and Treasury.
According to that script, the Rebalancing Fairy will wave her magic wand and investment outside the mining sector will miraculously rise, neatly filling the space occupied by the fading echoes of the mining investment boom.
That may still happen, especially if the Aussie dollar does the right thing and resumes its downward adjustment.
But the capex survey shows the rebalancing process is going to be anything but neat.
The RBA has signalled its intention to stay on the sidelines for a while, presumably hoping its next move for the historically low cash rate will be upwards.
The ongoing, even deepening, weakness in capex and the persistent weakness in employment will test its resolve.
A cut to below the current 2.5 per cent - or at least an acknowledgement that it's possible - may soon be back on the agenda.