2025.08.2801:36:12UTC+00Australia Private Capex Rises Less than Expected in Q2

In the second quarter of 2025, Australia's total new capital expenditure saw a modest increase of 0.2% compared to the previous quarter, falling below the anticipated 0.7% expansion forecasted by the market. This rise follows a previously adjusted 0.2% decrease in the first quarter. The growth was primarily attributed to a 0.3% uptick in spending on equipment, plant, and machinery, alongside a 0.2% increase in investments in buildings and structures. Investment saw a notable rise in non-mining sectors, experiencing growth of 0.9%, whereas the mining sector declined by 1.4%. Across various regions, Victoria experienced the most significant increase at 7.0%, followed by New South Wales at 2.4%, the Northern Territory at 0.6%, and Tasmania at 0.2%. Conversely, the Australian Capital Territory, Queensland, South Australia, and Western Australia encountered declines of 6.8%, 4.8%, 3.5%, and 0.1%, respectively. Annually, private capital expenditure rose by 1.7% up to June, after an upward revision from a 0.6% decrease in the first quarter.