Actual capex records surprise lift

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the December quarter of 2015, which registered a surprise 0.8% seasonally adjusted rise in capex volumes over the quarter but a 16.4% decrease over the year (see below table).

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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 2015.

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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.