Australian headline Q4 2022 capex +2.2% q/q (vs. expected +1.3%)

<p>more to come</p><p>Australian Private Capital Expenditure for Q4 2022 +2.2% q/q</p><ul><li>expected +1.3%, prior -0.6%</li></ul><p>Building capex + 3.6% </p><ul><li>prior +0.5%</li></ul><p>Equipment, plant and machinery capex +0.6% </p><ul><li>prior -1.6%</li></ul><p>Estimate 1 for 2023-24 is $129.7b. This is 11.1% higher than Estimate 1 for 2022-23</p><p>–</p><p>Via the Australian Bureau of Statistics, graph on Expenditures vs Estimates:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.