Total new capital expenditure in Australia rose by 4.4 percent quarter-on-quarter in the three months to June 2021, well above market consensus of a 2 percent growth and after a downwardly revised 6.0 percent gain in the previous period, which was the largest increase in private capital spending in almost a decade. Expenditure of equipment, plant, and machinery grew much softer (4.3 percent vs 8.8 percent). Meantime, spending on building and structures accelerated (4.6 percent vs 3.5 percent). Through the year to the second quarter, private capital expenditure jumped by 11.5 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 October of 2021.
Private Investment in Australia is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Private Capital Expenditure is projected to trend around 1.10 percent in 2022, according to our econometric models.