The September quarter saw the infusion of fresh capital investments in Australia and judging from the latest figures carried by the Australian Bureau of Statistics (ABS), the rising trend would only continue, at least for the remaining part of the current financial year.

While most economists had previously projected that capital expenditures would grow modestly in the quarter, the influx of new investments grew by up to six percent, seasonally adjusted, with the mining industry fuelling much of the spikes as the sector registered a 16 percent jump in capital spending in the same period.

When compared to the same corresponding period last year, the mining industry managed to post investment improvements of up to 31 percent and a high of 600 percent when pitted to capital figures from 10 years ago.

The new ABS data strongly pointed to inevitable jumps in further investment in the Australian economy and leading the pack is the mining industry, which is poised for a record performance for the rest of fiscal 2011.

Economists said that the mining boom could account for a maximum of 60 percent rise in investment for the past five years, basing on the projections released by ABS on Thursday, with the agency pegging the overall rise to 20 percent, also within the five-year period but unadjusted for inflationary effects.

The country's other economic sectors, according to ABS, are expected to see moderate growth in capital spending for much of 2010/11, which many economists said was just in line with previously set economic projections.

Also, expected according to analysts, is the emerging reality that the mining sector is set to fuel the long-term boom that Australia would witness for months or even years ahead and many agreed that a September CAPEX reaffirming an earlier guidance should lighten the pressure for a new rate hike in December by the Reserve Bank of Australia (RBA).

While an upward movement on the country's cash rate could still happen, though it is a remote possibility if analysts were to be believed, most economists believed that the 5.4 percent rise in unemployment during the month of October should convince the RBA that opting for a pause at least until February next year would be a wise policy rate decision.