The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the June quarter, which registered a 5.9% seasonally adjusted fall in capex volumes over the quarter and an 11.5% decrease over the year (see below table).
The first chart below shows actual capex by industry in dollar terms (rather than volume terms as shown above), which fell by 5.5% over the quarter. The fall was led by “Other” capex (-8.1%), whereas mining capex (+0.7%) and manufacturing capex (+4.1%) also fell:
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“Other” (services) capex (59% share) remains the leader, followed by mining capex (32% share), with manufacturing capex at a still dismal 9% in the June quarter:
