Australian Capex Jumps Most Since 2021 on Data Centers, Aircraft

Australian business investment posted its biggest increase since early 2021, driven by major outlays on data centers and aircraft — a welcome boost for an economy that has been struggling to generate momentum.

Private capex climbed 6.4% in the third quarter from the prior three-month period, government data showed Thursday, trumping economists’ expectations for a 0.5% gain. The rise was driven by a large boosting in spending on data centers and air transport.