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Financial News: Australia Building Capital Expenditure Falls 2.5% On Quart

Australia Building Capital Expenditure Falls 2.5% On Quarter In Q2

08/31/2022 - 21:36:00 (RTTNews)

(RTTNews) - Building capex in Australia was down a seasonally adjusted 2.5 percent on quarter in the second quarter of 2022, the Australian Bureau of Statistics said on Thursday - coming in at A$17.220 billion.

That follows the 0.6 percent decline in the previous three months.

Capex for equipment and machinery was up 2.1 percent on quarter at A$16.687 billion, while overall capex eased 0.3 percent on quarter to A$33.907 billion.

On a yearly basis, building capex rose 1.0 percent, equipment capex climbed 3.2 percent and overall capex gained 2.0 percent.

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