forexAustralia Capital Expenditure Rises Less Than Expected

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Australia Capital Expenditure Rises Less Than Expected

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Australia's private capital expenditure grew less than expected in the fourth quarter but firms plan to raise their investment in 2022-23, data released by the Australian Bureau of Statistics showed Thursday. Total capital expenditure grew 1.1 percent in the fourth quarter, but slower than the economists' forecast of 2.6 percent.

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