Actual capex falls, to weigh on Q1 GDP

Thursday 30 May 2019

The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the March quarter, which registered a 1.7% seasonally adjusted fall in capex volumes over the quarter and a 1.9% decrease over the year (see below table).

The 1.7% quarterly decline missed market expectations of a 0.5% rise.

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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.