Capital expenditure rises 6.1% in first quarter

New private capital expenditure rose during the first quarter by a seasonally adjusted 6.1%, according to the latest figures from the Australian Bureau of Statistics. According to the figures, CAPEX rose by 6.1% to $40.002 billion in the March quarter, above market expectations of a 3.3% rise. The second estimate for expenditure for […]

Jaclyn Densley May 31, 2012

New private capital expenditure rose during the first quarter by a seasonally adjusted 6.1%, according to the latest figures from the Australian Bureau of Statistics.

According to the figures, CAPEX rose by 6.1% to $40.002 billion in the March quarter, above market expectations of a 3.3% rise.

The second estimate for expenditure for 2012-13 is $172.9 billion, up 23.5% higher than the second estimate for 2011-12.