Australia’s total new private capital expenditure fell 3.6% quarter on quarter in Q2 2026 to an inflation-adjusted A$50.95 billion, reversing an upwardly revised 6.9% increase in Q1 and missing forecasts for a 0.5% rise. Equipment, plant and machinery spending dropped 8.9%, led by a 53% decline in information media and telecommunications equipment after record data-centre server-rack and processing-equipment investment in the previous quarter. Buildings and structures spending rose 2.1%, supported by utilities and information media and telecommunications investment, while firms raised planned capital expenditure for the year to June 2027 to A$200.7 billion, 15.5% above the previous estimate.