Sep quarter capex declines; 2022 looking better

25 November 2021

 

Summary: Private capital expenditures down 2.2% in September quarter; largely in line with expected figure but in contrast with June’s + 3.4%; largest falls in NSW, ACT; 2021/22 capex estimate 8.7% higher than previous estimate, 14.2% higher than comparable estimate from 2020/21; higher capex forecast suggests firms shrugging off lockdown impacts. Australia’s private capital expenditure (capex) spiked early in the 2010s on the back of investment in the mining sector....

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