Private new capital expenditure (capex) declined 3.6% in the June quarter 2026, seasonally adjusted, according to the Australian Bureau of Statistics (ABS). The drop followed a 53.0% decrease in information media and telecommunications equipment spending, reversing last quarter’s 199.6% surge. Total capex remains 10.7% higher than the same period in 2025. Buildings and structures investment rose 2.1%, driven by data centre expansion and renewable energy projects. New equipment and machinery spending fell 8.9%, though transport, construction, and mining sectors saw gains. Victoria and New South Wales recorded the largest declines (-13.9% and -2.8%, respectively). Businesses revised expected 2026-27 capex upward to 15.5% growth, reflecting continued investment in data centres and renewables.
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This article is a summary of content originally published by the Australian Bureau of Statistics.
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