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Aust capex rose 2.8% in Sep qtr

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AAP

2012-11-29

New private capital expenditure rose 2.8 per cent in real terms, seasonally adjusted, in the September quarter, the Australian Bureau of Statistics (ABS) said on Thursday.

The median market forecast was for a rise of 2.0 per cent for the September quarter.

The fourth estimate of expenditure for 2012/13 is $173.350 billion, not adjusted for inflation, which is 3.3 per cent lower than the third estimate for 2012/13.

It is 4.9 per cent higher than the fourth estimate for 2011/12.

Estimates are gathered in a series of seven quarterly surveys, the first in January and February before the start of the financial year in July, and the seventh immediately after the financial year ends.