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Aust capex fell 1.2% in Dec qtr

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AAP

2013-02-28

New private capital expenditure fell 1.2 per cent in real terms, seasonally adjusted, in the December quarter, the Australian Bureau of Statistics (ABS) said on Thursday.

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

The first estimate for 2013/14 is $152.494 billion, which is 8.1 per cent lower than the first estimate for 2012/13.

The fifth estimate of expenditure for 2012/13 was $168.235 billion, which is 4.0 per cent higher than the fifth estimate for 2011/12, the Australian Bureau of Statistics (ABS) said on Thursday.

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.