Australia’s private business investment rose 6.5% in the first quarter of 2026.
The Australian Bureau of Statistics attributed the surge to record spending on data center equipment. Investment in servers and processing units increased to meet global demand for AI and cloud computing.
The information media and telecommunications sector grew by 96.1%. This high-tech spending provides a crucial economic uplift as the construction of new buildings and structures declines.
Microsoft and Amazon previously announced multi-billion dollar, multi-year plans to expand Australian cloud and AI infrastructure.