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Australia’s Private Capex Misses Estimates With -3% in Q3

Adel 26 November, 2020 10:39 am Market Update

Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday.

Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.

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