Advertisement
The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the December quarter, which registered a 2.0% seasonally adjusted rise in capex volumes over the quarter and a 1.9% increase over the year (see below table).
The 2.0% quarterly rise beat market expectations of a 1% lift.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.