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Total new capital expenditure in Australia was up a seasonally adjusted 1.1 percent on quarter in Q2, the Australian Bureau of Statistics said on Thursday - coming in at A$37.646 billion.
That beat forecasts for a decline of 0.9 percent following the 4.2 percent contraction in the previous three months.
On a yearly basis, total capex dipped 4.0 percent.
Building capex added 2.0 percent on quarter but fell 0.7 percent on year, while equipment capex lost 0.9 percent on quarter and 10.1 percent on year.
