2019.11.2723:51:00UTC+00Australia Capex Slips 0.2% In Q3

Private capital expenditure in Australia was down a seasonally adjusted 0.2 percent on quarter in the third quarter of 2019, the Australian Bureau of Statistics said on Thursday - worth A$29.413 billion.

That missed expectations for a flat reading following the 0.6 percent drop in the three months prior.

On a yearly basis, capex sank 1.3 percent.

Capex for buildings and structures rose 2.7 percent on quarter and fell 0.3 percent on year to A$15.853 billion, while capex for equipment, plant and machinery sank 3.5 percent on quarter and 2.4 percent on year to A$13.560 billion.