Expected capex jumps

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The ABS is out with September QTR private capex and the news is pretty good:

TOTAL CAPITAL EXPENDITURE

Estimate 4 for total capital expenditure for 2018-19 is $114,099m. This is 4.4% higher than Estimate 4 for 2017-18. The main contributor to the increase is Other Selected Industries (6.8%). Estimate 4 is 11.3% higher than Estimate 3 for 2018-19. The main contributor to the increase was Other Selected Industries (13.9%).

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.