Australian businesses in better than expected shape

New private capital expenditure rose by 6 per cent in real terms, seasonally adjusted, in the December quarter to $24.894 billion, ABS data showed yesterday.

The result was markedly better than the median market forecast for a fall of 3 per cent.

The ABS’ fifth estimate of expenditure for 2008/09 also rose 14.3 per cent from 2007/08 to $98.145 billion.

Written by Staff Reporter

Last Updated: 09 March 2022

Published: 27 February 2009