The total amount of private capital expenditure was up a seasonally adjusted 6.1 percent in the first quarter of 2012 compared to the previous three months, the Australian Bureau of Statistics said on Thursday, coming in at A$40.002 billion.
That beat forecasts for an increase of 4.0 percent following the downwardly revised 0.7 percent decline in the fourth quarter of 2011.
The seasonally adjusted estimate for buildings and structures rose 10.5 percent in the March quarter, while the estimate for equipment, plant and machinery eased 0.1 percent.
by RTT Staff Writer
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