Structural changes driving capex; up 1.1% in September

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28 November 2024

 

Summary: Private capital expenditures up 1.1% in September quarter, essentially in line with expectations; up 1.0% on annual basis; Westpac: industries at forefront of underlying structural changes continue investing; ACGB yields down; rate-cut expectations harden; Westpac: industries at coalface of consumer-led slow down pulling back on investment plans,; 2024/25 capex estimate 5.1% higher than previous estimate, 4.3% higher than comparable estimate from 2023/24; Westpac: non-mining sectors facing more pressures to...

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