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The Australian Bureau of Statistics (ABS) has released capital expenditure data for the December quarter, which rose 1.1% over the quarter and 9.8% year-on-year, driven by 2.2% quarterly rise in buildings and structures:
The next chart plots the time series:
The result disappointed analyst’s expectations of a 2.6% quarterly 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.
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