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Australian data - Q2 Capex headline rose 2.8% vs. +1.2% expected

Some encouragement from business inverstment data from Australia in the second quarter. Total new capital expenditure rose by 2.8% Buildings and structures rose by 3.5% Equipment, plant and machinery rose by 1.9% Estimate 3 for 2023-24 is $157.8b. This is 14.5% higher than Estimate 2 for 2023-24Private new capital expenditure (capex) rose 2.8 per cent (seasonally adjusted, chain volume measure) in the June quarter 2023 and was 10.8 per cent higher than a year agothe result was driven by busin... Read More

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Content Topics

Australian

Data

Capex

Headline

Rose

Expected

Forex

Posted: Aug 31 2023, 01:42

Author Name: forexlive

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