Australian information: Q3 Capex headline rose 1.1% vs. +zero.9% anticipated & -2.2% prior

A small beat for the headline.

• Complete new capital expenditure rose by 1.1%
• Buildings and constructions rose by 1.1%
• Gear, plant and equipment rose by 1.1%
• Estimate four for 2024-25 is $178.2b. That is 5.1% increased than Estimate three for 2024-25

Pushed by non-mining, choose up for manufacturing and information centres.

The capex quantity might be an enter to the GDP for q3.

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Background to this.

The Australian Bureau of Statistics (ABS) publishes information on personal new capital expenditure (capex). This quarterly report supplies insights into the precise capital expenditures by companies on buildings, constructions, gear, plant, and equipment, in addition to their future funding intentions. At the moment we’ll get the Q3 2024 information. The earlier 2024 quarter summaries:

June 2024 Quarter Highlights:

• Complete New Capital Expenditure: Decreased by 2.2% to $39,834 million.
• Buildings and Constructions: Fell by three.eight% to $20,866 million.
• Gear, Plant, and Equipment: Slight decline of zero.5% to $18,967 million.
• Estimate three for 2024-25: Projected at $170.7 billion, marking a 10.three% improve from Estimate 2.

March 2024 Quarter Highlights:

• Complete New Capital Expenditure: Rose by 1.zero% to $40,487 million.
• Buildings and Constructions: Decreased by zero.9% to $21,449 million.
• Gear, Plant, and Equipment: Elevated by three.three% to $19,038 million.
• Estimate 2 for 2024-25: Estimated at $155.four billion, a 6.eight% rise from Estimate

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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