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The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the December quarter of 2014, which registered a 2.2% seasonally adjusted fall in capex over the quarter and a 3.6% decrease over the year. The result disappointment analyst’s expectations of a 1.6% fall over the quarter (see below table).
While Houses and Holes has covered the forward-looking capex plans over the coming years, below are some backward looking charts showing actual capex up to the December quarter of 2014.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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