Total new capital expenditure in Australia rose by 6.3 percent quarter-on-quarter in the three months to March 2021, after an upwardly revised 4.2 percent gain in the previous period and easily beating market consensus of a 2 percent growth. This was the largest increase in private capital spending in almost a decade, as businesses took advantage of tax breaks, with spending growing much faster for both building and structures (3.8 percent vs 1.6 percent in Q4) and equipment, plant, and machinery (9.1 percent vs 7.3 percent). Through the year to the first quarter, private capital expenditure grew by 0.8 percent. source: Australian Bureau of Statistics
Private Investment in Australia averaged 1.19 percent from 1987 until 2020, 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 July of 2021.
Private Investment in Australia is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Investment in Australia to stand at 0.90 in 12 months time. In the long-term, the Australia Private Capital Expenditure is projected to trend around 1.10 percent in 2022, according to our econometric models.