Actual capex slides 0.5% in Q3

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the September quarter, which registered a 0.5% seasonally adjusted decline in capex volumes over the quarter and a 0.6% decrease over the year (see below table).

While Houses and Holes has already covered the forward-looking capex plans over the coming year, below are some backward looking charts showing actual capex up to the September quarter of 2018.

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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.