Australia Q1 Building Capex Posts First Drop in Nearly 2 Years
2026-05-28 01:36
By
Chusnul Chotimah
1 min. read
Private new capital expenditure on buildings and structures in Australia fell 3.8% qoq in Q1 2026, reversing an upwardly revised 2.5% rise in Q4, which was the strongest growth since Q2 2023.
It was the 1st contraction since Q2 2024, with falls in non-mining (-4.3%) and mining (-2.9%) industries.
By industry, spending on buildings and structures posted the largest falls in construction (-35.8%), manufacturing (-25.1%), professional, scientific and technical services (-19.5%), rental, hiring and real estate services (-11.6%), and electricity, gas, water and waste services (-8.5%).
" The fall in buildings and structures was driven by large projects reaching completion, particularly across manufacturing, electricity, gas, water and waste services, and mining.
Despite the overall fall, investment in data centre building construction continues to grow with information media and telecommunications rising for the 7th straight quarter, up 12.6%.’ Tom Lay, ABS head of business statistics, said.