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.