FX.co ★ Australia Private Capex Unexpectedly Falls in Q1

In the first quarter of 2025, Australia's total new capital expenditure unexpectedly declined by 0.1% compared to the previous quarter. This result fell short of market predictions, which anticipated a 0.5% increase. In the preceding quarter, growth was adjusted to 0.2%. The contraction was primarily influenced by a 1.3% reduction in investments in equipment, plant, and machinery. However, this decrease was somewhat balanced by a 0.9% rise in expenditure on buildings and structures.