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1. Real private capex in Australia rose +6.4% q/q in Q3, with +8.6% q/q growth in non-mining capex and a +0.9% q/q rise in mining capex.
The ABS noted that “the lift in investment was the result of a large rise in spending on data centres, and investment in air transport”.
2. Total private machinery & equipment capex, which is an input to GDP calculations, rose a huge +11.5% q/q in real terms in Q3.
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