Total new capital expenditure in Australia rose by 3 percent quarter-on-quarter in the three months to December 2020, after a 3.1 percent drop in the previous period and beating market consensus of a flat reading. This was the largest increase in private capital spending since 2012, boosted by spending on both building and structures (0.7 percent vs -3.6 percent in Q3) and equipment, plant, and machinery (5.7 percent vs -2.4 percent). Through the year to the fourth quarter, private capital expenditure plunged 7.5 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 May of 2021.
Private Investment in Australia is expected to be 1.10 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.