Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 1-Sep-17

Data from the Australian Bureau of Statistics shows that private-sector companies anticipate capital expenditure of $A101.8bn in 2017-18. This is 17.6 per cent higher than had been forecast three months ago, and compares with analysts’ expectations of $A95.9bn. The figures also show that there was an 0.8 per cent increase in capex during the final quarter of 2016-17. Telstra and Santos are among the companies that have recently announced plans for increased capex in 2017-18.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, TELSTRA CORPORATION LIMITED – ASX TLS, SANTOS LIMITED – ASX STO, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, CAPITAL ECONOMICS LIMITED, PERENNIAL VALUE MANAGEMENT LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY