Total new capital expenditure in Australia unexpectedly fell 0.3 percent quarter-on-quarter in the three months to March 2022, reversing from an upwardly revised 2.3% rise in the preceding quarter, and missing market expectations of a 1.5% gain, as spending on buildings and structures investments dropped 1.7 percent. Meanwhile, spending on equipment, plant and machinery grew 1.2 percent. Through the year to the first quarter, private capital expenditure increased by 4.5 percent. source: Australian Bureau of Statistics
Private Investment in Australia averaged 1.23 percent from 1987 until 2021, reaching an all time high of 18.70 percent in the second quarter of 1996 and a record low of -8.70 percent in the third quarter of 2015. This page provides - Australia Private Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Private Capital Expenditure - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Private Investment in Australia is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Private Capital Expenditure is projected to trend around 1.10 percent in 2023, according to our econometric models.