AustralianQ3 Private Capital Expenditure
Building capex rose 2.1% q/q (previous +0.2%).
Plant and machinery capex jumped 11.5% q/q (previous +0.3%)
takes this to a record high for spending on machinery and equipment
New capital expenditure increased 6.4% q/q (forecast 0.5%, previous 0.2%)
6.4% is the highest since 2012
Australian Bureau of Statistics says its due to a big jump in spending on data centres, and on air transport investment
Estimate 4 of 2025/26 investment plans upgraded 9.4% to $191bn
This article was written by Eamonn Sheridan at investinglive.com.