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Australia Q1 Total New Capital Expenditure -0.3%; Est 2 $130.5b

AUSTRALIA DATA
MNI (Singapore)
  • Australia total new capital expenditure fell by 0.3% in Q1, down from the previous 1.1% growth.
  • Buildings and structures fell by 1.7%, slower than last 2.2% increase.
  • Equipment, plant and machinery rose by 1.2%, quicker than the 0.1% in Q4.
  • Estimate 2 for 2022-23 is $130.5b. This is 11.8% higher than Estimate 1 for 2022-23
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