Total new capital expenditure in Australia declined by 2.2 percent quarter-on-quarter in the three months to September 2021, compared with market forecasts of a 2.0 percent fall and after a downwardly revised 3.4 percent growth in the previous period. This marked the first drop in private investment since the third quarter of 2020, as spending decreased for both equipment, plant, and machinery (-4.1 percent vs 2.7 percent in Q2), and building and structures (-0.2 percent vs 4.2 percent). Through the year to the third quarter, private capital expenditure jumped by 12.9 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 January of 2022.
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.