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    26.11.2015 10:21 Private capital expenditure in Australia plunges 9.2% in the third quarter

    The Australian Bureau of Statistics released its private capital expenditure data on Thursday. Private capital expenditure in Australia dropped 9.2% in the third quarter, missing expectations for a 3.0% decline, after a 4.4% fall in the second quarter.

     

    The second quarter's figure was revised down from a 4.0% decrease.

     

    Capex for buildings and structures plunged 9.8% in the third quarter, while capital spending for equipment, plants and machinery fell 8.2%.

     

    On a yearly basis, private capital expenditure in Australia declined 20.0% in the third quarter.


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