The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the September quarter, which registered a 3.0% seasonally adjusted fall in capex volumes over the quarter and an 13.8% 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 3.3% over the quarter. All three major categories of capex – mining (-3.3%), manufacturing (-1.3%) and other (-3.6%) – declined over the quarter:
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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 September quarter:
