Australia Q4 business investment rises 0.8% q/q
Data from the Australian Bureau of Statistics on Thursday showed private capital spending rose a real 0.8 per cent in the fourth quarter from the previous quarter, led by a 1.1 per cent increase in the mining sector.
Firms lifted spending plans for the fiscal year to June 2024 to A$177.7 billion ($115.4 billion), up 4 per cent on the previous quarter. (Image credit: Reuters)