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1. Real private capex in Australia rose +0.4% q/q and +7.8% y/y in Q4. Non-mining capex grew +0.8% q/q and mining capex fell 0.8% q/q.
The ABS noted that capex in renewable energy projects was strong in the quarter.
2. Total private machinery & equipment capex, which is an input to GDP calculations, fell 1.7% q/q in real terms in Q4 following the 11.2% q/q surge higher in Q3 related to data centre investment.
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