Australia Private Investment

Last Release

Dec 31, 2023

Actual

0.8

Units In

2.8

Frequency

Quarterly

Next Release

May 30, 2024

Time to Release

2 Months 29 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
18.7 Jun 1996	-8.7 Sep 2015	1.23 %	1987-2023	Australian Bureau of Statistics

Private investment in Australia refers to quarter on quarter change in Private Capital Expenditure. The Capital Expenditure Survey in Australia includes the following industries: Mining, Manufacturing & Other selected industries such as Electricity, Gas, Water and Waste Services, Construction, Wholesale Trade, Retail Trade, Transport, Postal and Warehousing, Information Media and Telecommunications Finance and Rental, Hiring and Real Estate Services Professional, Scientific and Technical Services.

Latest Updates

Total new capital expenditure in Australia advanced by 0.8 percent quarter-on-quarter in the three months to December 2023, accelerating from a downwardly revised 0.3 percent gain in the previous period, beating market consensus of a 0.5% rise. The increase came amid faster rises in spending on buildings and structures investment (1.5% vs 0.1%). Meanwhile, expenditure on equipment, plant & machinery edged down 0.1% after an upwardly revised 0.6% growth in the previous quarter. " Business investment grew in the mining and non-mining industries in the December quarter. Mining rose 1.1%, and non-mining was up 0.6%, " said Robert Ewing, ABS head of business statistics. Through the year to December, private capital expenditure expanded 7.9 percent, easing from a downwardly revised 10.3% previously.