New Capital Expenditure Rises 6.4 Per Cent: Australia

Private new capital expenditure (capex) rose 6.4 per cent in the September quarter to be 6.9 per cent higher than the September quarter last year (seasonally adjusted, chain volume measures), according to figures released today by the Australian Bureau of Statistics (ABS).

Tom Lay, ABS head of business statistics, said: 'the lift in investment was the result of a large rise in spending on data centres, and investment in air transport.'

'The rise is the largest increase since March quarter 2021. Business investment rose 8.6 per cent in the non-mining industries, while the mining industry rose 0.9 per cent.'

Information media and telecommunications saw the largest rise of any industry, up 40.7 per cent.

Building and equipment, seasonally adjusted, chain volume measures

	Building - Seasonal ($m)	Building - Trend ($m)	Equipment - Seasonal ($m)	Equipment - Trend ($m)
Sep-05	13,119	12,782	14,001	14,188
Dec-05	14,360	14,064	15,346	14,960
Mar-06	14,808	15,183	15,247	15,147
Jun-06	16,399	15,554	14,650	14,960
Sep-06	15,264	15,352	14,910	14,742
Dec-06	14,427	15,294	14,772	14,881
Mar-07	17,678	17,279	15,372	15,487
Jun-07	18,595	17,925	16,154	15,890
Sep-07	17,453	18,313	16,159	16,234
Dec-07	18,805	18,426	16,583	16,623
Mar-08	18,994	18,596	17,048	17,308
Jun-08	18,576	19,304	18,230	18,014
Sep-08	20,504	20,856	18,530	18,205
Dec-08	23,353	22,101	17,696	17,963
Mar-09	21,901	22,196	17,388	17,479
Jun-09	21,451	21,076	17,709	17,421
Sep-09	19,408	20,087	16,968	17,764
Dec-09	19,954	19,934	18,864	18,007
Mar-10	21,013	20,639	17,619	17,643
Jun-10	21,148	21,745	16,943	16,964
Sep-10	23,604	22,714	16,148	16,800
Dec-10	23,316	23,666	17,846	17,546
Mar-11	25,299	25,570	18,794	18,501
Jun-11	27,794	28,394	18,915	19,176
Sep-11	33,334	31,853	19,594	19,467
Dec-11	33,746	35,252	19,654	19,624
Mar-12	38,467	37,903	19,697	19,739
Jun-12	40,023	39,172	19,722	19,932
Sep-12	38,414	38,915	20,262	20,088
Dec-12	37,720	37,650	20,135	19,923
Mar-13	36,797	37,264	19,191	19,491
Jun-13	37,562	37,809	18,862	18,801
Sep-13	39,165	38,281	18,413	18,080
Dec-13	38,042	38,260	16,925	17,356
Mar-14	36,203	37,843	17,237	16,992
Jun-14	37,832	37,529	16,777	17,235
Sep-14	36,966	36,933	18,118	17,756
Dec-14	35,925	35,585	17,989	17,971
Mar-15	33,132	33,560	17,705	17,587
Jun-15	32,108	31,791	16,824	16,800
Sep-15	28,948	29,863	15,900	16,242
Dec-15	29,635	28,610	16,258	16,136
Mar-16	26,803	26,670	16,330	16,350
Jun-16	24,030	24,527	16,624	16,497
Sep-16	22,885	23,085	16,393	16,408
Dec-16	23,013	22,892	16,241	16,258
Mar-17	23,376	23,246	16,143	16,194
Jun-17	23,501	23,630	16,354	16,323
Sep-17	23,957	23,824	16,619	16,676
Dec-17	23,835	23,792	17,051	17,061
Mar-18	23,423	23,482	17,698	17,474
Jun-18	23,159	23,091	17,472	17,884
Sep-18	22,566	22,819	18,594	18,219
Dec-18	23,216	22,950	18,317	18,458
Mar-19	22,606	22,579	18,469	18,499
Jun-19	21,828	22,150	18,504	18,359
Sep-19	22,033	21,704	18,026	18,189
Dec-19	21,042	21,221	18,049	17,895
Mar-20	20,801	20,506	17,668	17,699
Jun-20	19,700	19,691	16,043	17,760
Sep-20	19,035	19,177	16,156	18,073
Dec-20	19,122	19,249	17,370	18,510
Mar-21	19,868	19,865	18,822	18,811
Jun-21	20,845	20,607	18,965	18,929
Sep-21	20,998	21,174	18,941	18,963
Dec-21	21,536	21,416	19,006	19,036
Mar-22	21,556	21,406	19,119	19,179
Jun-22	21,223	21,436	19,490	19,313
Sep-22	21,654	21,735	19,363	19,445
Dec-22	22,598	22,524	19,598	19,721
Mar-23	23,335	23,484	20,178	20,148
Jun-23	24,534	24,203	20,707	20,529
Sep-23	24,426	24,602	20,704	20,786
Dec-23	24,623	24,620	20,830	20,994
Mar-24	24,658	24,416	21,444	21,223
Jun-24	23,932	24,272	21,278	21,406
Sep-24	24,374	24,303	21,462	21,392
Dec-24	24,580	24,519	21,313	21,230
Mar-25	24,825	24,791	21,008	21,165
Jun-25	24,891	25,023	21,147	21,233
Sep-25	25,410	25,271	23,589	21,420

New equipment and machinery rose 11.5 per cent. Non-mining equipment and machinery rose 13.0 per cent, while mining equipment and machinery rose 4.5 per cent.

'Investment in data centres reached new highs, driving the strong rise in equipment and machinery capex for the information media and telecommunications industry, which went up 91.5 per cent,' Mr Lay said.

Information media and telecommunications building and equipment, seasonally adjusted, chain volume measures

	Building - Seasonal ($m)	Building - Trend ($m)	Equipment - Seasonal ($m)	Equipment - Trend ($m)
Sep-05	583	546	330	332
Dec-05	476	531	349	342
Mar-06	543	488	347	358
Jun-06	419	463	365	356
Sep-06	472	462	359	341
Dec-06	500	504	290	331
Mar-07	1,954	2,048	498	470
Jun-07	2,347	2,047	490	451
Sep-07	1,685	1,898	370	411
Dec-07	1,703	1,707	416	398
Mar-08	1,642	1,578	419	490
Jun-08	1,523	1,543	625	589
Sep-08	1,448	1,501	704	594
Dec-08	1,589	1,517	398	509
Mar-09	1,480	1,555	424	405
Jun-09	1,599	1,530	381	371
Sep-09	1,446	1,432	363	387
Dec-09	1,239	1,290	416	391
Mar-10	1,189	1,161	401	390
Jun-10	1,050	1,084	372	398
Sep-10	1,089	1,031	404	421
Dec-10	968	1,026	498	446
Mar-11	1,076	1,075	415	446
Jun-11	1,208	1,176	432	424
Sep-11	1,235	1,287	410	411
Dec-11	1,413	1,322	407	421
Mar-12	1,314	1,365	438	430
Jun-12	1,290	1,384	433	425
Sep-12	1,584	1,356	395	389
Dec-12	1,120	1,291	333	337
Mar-13	1,294	1,262	300	309
Jun-13	1,292	1,340	307	319
Sep-13	1,548	1,452	371	353
Dec-13	1,492	1,523	378	382
Mar-14	1,488	1,564	388	382
Jun-14	1,739	1,588	369	362
Sep-14	1,466	1,633	327	348
Dec-14	1,706	1,606	347	339
Mar-15	1,602	1,531	356	338
Jun-15	1,322	1,479	318	352
Sep-15	1,557	1,514	386	374
Dec-15	1,614	1,599	417	399
Mar-16	1,750	1,645	393	414
Jun-16	1,499	1,679	423	419
Sep-16	1,867	1,770	425	416
Dec-16	1,953	1,950	409	407
Mar-17	2,039	2,145	373	393
Jun-17	2,415	2,256	403	378
Sep-17	2,222	2,307	371	383
Dec-17	2,240	2,237	370	401
Mar-18	2,184	2,112	475	418
Jun-18	1,882	2,008	393	423
Sep-18	1,941	1,861	419	417
Dec-18	1,751	1,691	412	413
Mar-19	1,432	1,553	434	423
Jun-19	1,488	1,467	408	422
Sep-19	1,557	1,478	450	437
Dec-19	1,425	1,550	422	459
Mar-20	1,651	1,590	517	459
Jun-20	1,667	1,569	406	423
Sep-20	1,386	1,487	355	371
Dec-20	1,444	1,445	358	345
Mar-21	1,498	1,513	335	367
Jun-21	1,692	1,633	435	405
Sep-21	1,671	1,741	414	421
Dec-21	1,827	1,777	435	406
Mar-22	1,805	1,739	333	381
Jun-22	1,552	1,684	401	372
Sep-22	1,705	1,631	385	394
Dec-22	1,649	1,642	403	423
Mar-23	1,598	1,669	500	451
Jun-23	1,790	1,689	426	482
Sep-23	1,671	1,765	553	513
Dec-23	1,825	1,811	520	541
Mar-24	1,928	1,802	1,057	1,013
Jun-24	1,630	1,774	1,026	1,073
Sep-24	1,810	1,758	1,125	1,152
Dec-24	1,828	1,824	1,354	1,225
Mar-25	1,913	1,947	1,146	1,299
Jun-25	2,091	2,067	1,453	1,367
Sep-25	2,202	2,189	2,782	1,428

Transport, postal and warehousing also contributed strongly to the rise in equipment and machinery, up 40.7 per cent, with more investment in air transport.

Capex was up 2.1 per cent for buildings and structures, with non-mining industries up 3.6 per cent. This was partially offset by a fall in mining, which was down 0.4 per cent.

'Spending on large projects in manufacturing, accommodation and food services, and information media and telecommunications industries, drove growth in buildings and structures,' Mr Lay said.

The largest rises for states and territories were in South Australia (+8.2 per cent), Queensland (+7.3 per cent), and Victoria (+6.7 per cent).

This release also includes the fourth estimate for planned capex for 2025-26. Businesses revised their expected capex for 2025-26 to be up by 9.4 per cent since their last estimate.

/ABS Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.

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