Actual capex expenditure stabilises in Q1

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the March quarter, which registered a 0.3% seasonally adjusted rebound in capex volumes over the quarter but a 9.3% decrease over the year (see below table).

While Houses and Holes will cover the forward-looking capex plans over the coming year, below are some backward looking charts showing actual capex up to the December quarter of 2016.

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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.