Australia Macro Updates

The One Stop Portal for Australia Macroeconomic Data. Simplified and Summarized!

We simplify and summarize key data so that you don’t have to spend hours reading confusing and long media releases. Read key economic releases and major events here in under 2 minutes. And we will explain the key takeaway for you. Stay informed and form a robust view on macroeconomic matters to aid your successful investment decisions

29th Feb 2024

Private New Capital Expenditure – Australia

Key takeaway: Total New Capital Expenditure increased by 0.8% in the quarter ended December 2023. The quarter estimate stood at A$40Bn indicating a healthy level of business spending in the economy. Buildings and Structures grew 1.5% q-o-q and 9.3% y-o-y in the quarter ended December 2023. Equipment, plant and machinery spend, on the other hand, registered a small decline of 0.1% on a q-o-q basis, still rising 6.4% on a y-o-y basis. Capex trended upwards in both the mining and non-mining industries. Amongst industries, electricity, gas, waste and water registered the largest increase of 14% q-o-q on the back of increased activity in renewable energy infrastructure.  

Construction spending, as the name suggests, measures the amount of estimated construction spending in the US. Data on Construction Spending is released by the US Census Bureau around the 1st of every subsequent month. i.e, Data for January is released around 1st Mar.

US Census Bureau