Australia’s Private New Capital Expenditure Declines in March 2020

May 27, 2020 10:38 PM EDT | By Team Kalkine Media

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As per the data released by ABS indicating the impacts attributed to COVID-19, mainly regarding spend on new capital expenditure in March Quarter 2020. Key highlights.

The total new capital expenditure was $27,964 million, indicating a decrease of -6.1 per cent on pcp basis and -1.6 per cent from December Quarter 2019.
Buildings and structures had a spend of $14,699 million and Equipment, plant, and machinery had $13,265 million.
Buildings and structures decreased by -7.9 per cent on pcp basis.
Equipment, plant, and machinery dipped by -4.0 per cent on pcp basis.

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