Australia’s private new capital expenditure rose 0.2% QoQ in Q2 2025, with modest gains across both equipment and building investment.

• Equipment, plant & machinery capex increased 0.3% QoQ, contributing to the overall rise.

• Buildings & structures capex rose 0.2% QoQ, showing steady but limited growth.

• Mining sector capex fell -1.4% QoQ, while non-mining investment rose 0.9% QoQ, highlighting sectoral divergence.

• Estimate 3 for 2025–26 capex was revised up 12.0% to $174.8b, pointing to stronger investment intentions compared with Estimate 2.

Australia’s private new capital expenditure fell -0.1% QoQ (vs +0.5% QoQ expected) and -0.5% YoY in Q1 2025, driven by a decline in equipment investment despite growth in building-related spending.

• Equipment, plant & machinery capex declined -1.3% QoQ and -1.8% YoY.
• Buildings & structures capex rose 0.9% QoQ and 0.6% YoY.
• Mining sector capex increased 1.9% QoQ, while non-mining fell -0.9% QoQ.
• Estimate 2 for 2025–26 capex was revised up 5.6% to $155.9 billion from Estimate 1.

Australia’s private new capital expenditure fell -0.2% QoQ (vs 0.8% QoQ expected) and 0.6% YoY in Q4 2024.

• Buildings & structures expenditures increased 0.2% QoQ but was down -1.0% YoY.
• Equipment, plant & machinery expenditures fell -0.8% QoQ but was up 2.4% YoY.