Private capital expenditure in Australia increases 0.8% in the fourth quarter

Market news

25 February 2016

Private capital expenditure in Australia increases 0.8% in the fourth quarter

The Australian Bureau of Statistics released its private capital expenditure data on Thursday. Private capital expenditure in Australia increased 0.8% in the fourth quarter, beating forecasts of a 3.0% drop, after a 8.4% decline in third quarter. The third quarter's figure was revised up a 9.2% fall.

Capex for buildings and structures rose 1.2% in the fourth quarter, while capital spending for equipment, plants and machinery was up 0.1%.

On a yearly basis, private capital expenditure in Australia declined 16.4% in the fourth quarter.

Italian retail sales fall 0.1% in December

Revised U.K. GDP grows at 0.5% in the fourth quarter

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