Belinda Allen, Senior Economist at CBA, dissects today’s Capex release from the ABS. Key Points: The total volume of capex rose by 1.1% in Q3 24. Mining investment fell by 1.9%, while non-mining investment rose by 2.3% in the September quarter. The 4th estimate of nominal capex plans for 2024 was $A178.2bn, a downgrade compared
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