Aussie capex remains soft as jelly

Thursday 28 August 2025

The Australian Bureau of Statistics (ABS) released private capital expenditure (capex) data for Q2 2025, which remained incredibly soft.

The seasonally adjusted estimate for total new capital expenditure rose by 0.2% in Q2. after the previous quarter’s contraction.

The trend estimate for total new capital expenditure fell by 0.1%.

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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.