Economic Buzz: Australia Building Capex Drops 2.5% On Quarter In Q2

1 Sep 2022 , 11:10 AM

Building capex in Australia was down a seasonally adjusted 2.5 percent on quarter in the second quarter of 2022, the Australian Bureau of Statistics reported – coming in at A$ 17.220 billion. That follows the 0.6 percent decline in the previous three months. Capex for equipment and machinery was up 2.1 percent on quarter at A$16.687 billion, while overall capex eased 0.3 percent on quarter on A$ 33.907 billion. On a yearly basis, building capex rose 1.0 percent, equipment capex climbed 3.2 percent and overall capex gained 2.0 percent. Powered by Commodity Insights