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Australian private capital expenditure (September quarter 2022) -0.6% (expected +1.5%)

Australian private capital expenditure (September quarter 2022) -0.6% (expected +1.5%)

Australian Q3 2022 capex

The headline is -0.6% q/q

  • expected +1.5%, prior -0.3%

Also:

  • Building capex +0.5% q/q
  • Plant and machinery capex -1.6% q/q (this is not a positive sign, it was expected to bounce back)
  • Estimate 4 for 2022-23 is $155.7b. This is 5.6% higher than Estimate 3 for 2022-23

Via the Australian Bureau of Statistics, estimates of expenditure & actuals:

This graph leaves a bit to be desired, the labelling on... Read More

Posted: Dec 1 2022, 00:31
Author Name: forexlive
Views: 092169

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