Australia’s Q3 Private Capex Growth Beats Forecasts

2025-11-27 00:37 By Chusnul Chotimah 1 min. read

Total new capital expenditure in Australia grew by 6.4% qoq in Q3 2025, surpassing market expectations of a 0.5% expansion.

This followed an upwardly revised 0.4% growth in the previous quarter, marking the largest increase since the March quarter of 2021.

The increase was driven by an 11.5% surge in spending on equipment, plant, and machinery, along with a 2.1% rise in investment in buildings and structures.

“The lift in investment was the result of a large rise in spending on data centres and investment in air transport,” said Tom Lay, ABS head of business statistics.

By sector, non-mining industries rose 8.6%, while the mining industry grew 0.9%.

Geographically, the Australian Capital Territory recorded the fastest increase at 35.3%, followed by South Australia (8.2%), Queensland (7.3%), Victoria (6.7%), and Tasmania (2.8%).

In contrast, the Northern Territory posted a decline of 1.6%.

On an annual basis, private capital expenditure advanced by 6.9% through the year to September.



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Australia’s Q3 Private Capex Growth Beats Forecasts
Total new capital expenditure in Australia grew by 6.4% qoq in Q3 2025, surpassing market expectations of a 0.5% expansion. This followed an upwardly revised 0.4% growth in the previous quarter, marking the largest increase since the March quarter of 2021. The increase was driven by an 11.5% surge in spending on equipment, plant, and machinery, along with a 2.1% rise in investment in buildings and structures. “The lift in investment was the result of a large rise in spending on data centres and investment in air transport,” said Tom Lay, ABS head of business statistics. By sector, non-mining industries rose 8.6%, while the mining industry grew 0.9%. Geographically, the Australian Capital Territory recorded the fastest increase at 35.3%, followed by South Australia (8.2%), Queensland (7.3%), Victoria (6.7%), and Tasmania (2.8%). In contrast, the Northern Territory posted a decline of 1.6%. On an annual basis, private capital expenditure advanced by 6.9% through the year to September.
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