24 Feb 2022 , 02:06 PM
Australias private capital expenditure rose in the fourth quarter but firms plan to raise their investment in 2022-23, data released by the Australian Bureau of Statistics showed Thursday. Total capital expenditure grew 1.1% in the fourth quarter. Investment in buildings and structures was up 2.2%, while equipment, plant and machinery investment fell 0.1%. On a yearly basis, total capex expanded 9.8% in the fourth quarter. According to the fifth estimate for 2021-22, total capital expenditure was A$140.8 billion, up 1.6% from the fourth estimate.
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