Good sign for capex

AUSTRALIAN business investment rose one per cent in the September quarter, matching economists’ forecasts, official figures show.

The figures from the Australian Bureau of Statistics, cover investment in capital goods which includes buildings, other structures, machinery and equipment.

During the 2017/18 financial year, businesses collectively expect to invest $108.9 billion, which is 1.6 per cent higher than the corresponding estimate made at the same time last year.