Jim Chalmers has responded to the increase in investment Grog’s reported on a little earlier (the AI boom is here).

Chalmers:

This big increase in business investment is much stronger than expected and very welcome.

These figures show not only is investment in priority areas like data centres and cleaner and cheaper energy growing, it’s growing even faster than anticipated.

Business investment was going backwards when we came to government, under Labor it’s growing again.

This investment will help make our economy stronger, more resilient and more productive over time.