The total value of new capital expenditure in Australia was down a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2024, the Australian Bureau of Statistics said on Thursday – coming in at A$43.961 billion.
That missed forecasts for an increase of 0.6 percent following the 1.1 percent gain in the previous three months. On a yearly basis, capex was up 0.6 percent.
Capex for buildings and structures was up 0.2 percent on quarter and down 1.0 percent on year at A$23.281 billion.
Capex for equipment, plants and machinery dipped 0.8 percent on quarter but gained 2.4 percent on year at A$20.680 billion.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.