Reported about 18 hours ago
In the December quarter, Australia's business investment unexpectedly decreased by 0.2%, primarily due to a slowdown in mining and construction, despite growth in data centers. This decline follows a previous quarter's revised increase of 1.6% and contrasts with market expectations of a 0.8% rise. Spending on buildings saw a modest increase of 0.2%, while investment in machinery declined by 0.8%. Businesses plan to invest A$148 billion in the upcoming fiscal year.
Source: YAHOO