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The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the September quarter of 2015, which registered a 9.2% seasonally adjusted fall in capex volumes over the quarter and a 20.0% decrease over the year (see below table).
The result badly missed analyst’s expectations of a 2.9% fall over the quarter.
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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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