Australia Private Capital Expenditure +2.8% On Quarter In Q3
Private capital expenditure was up a seasonally adjusted 2.8 percent in the third quarter of 2012 compared to the previous three months, the Australian Bureau of Statistics said on Thursday, coming in at A$42.475 billion.
That beat forecasts for an increase of 2.0 percent following the 3.4 percent gain in the second quarter. On a yearly basis, capex was up 14.2 percent.
Capex for building and structures came in at A$26.718 billion, up 1.0 percent on quarter and 20.1 percent on year.
Spending for equipment, plants and machinery was at A$15.756 billion, rising 6.2 percent on quarter and 5.3 percent on year.
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