Australian headline Q4 2022 capex +2.2% q/q (vs. expected +1.3%) | Forexlive

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Australian Private Capital Expenditure for Q4 2022 +2.2% q/q

• expected +1.3%, prior -0.6%

Building capex + 3.6%

• prior +0.5%

Equipment, plant and machinery capex +0.6%

• prior -1.6%

Estimate 1 for 2023-24 is $129.7b. This is 11.1% higher than Estimate 1 for 2022-23

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Via the Australian Bureau of Statistics, graph on Expenditures vs Estimates: