Australian private capital expenditure (September quarter 2022) -0.6% (expected +1.5%)<p>Australian Q3 2022 capex</p><p>The headline is -0.6% q/q</p><ul><li>expected +1.5%, prior -0.3%</li></ul><p>Also:</p><ul><li>Building capex +0.5% q/q</li><li>Plant and machinery capex -1.6% q/q (this is not a positive sign, it was expected to bounce back)</li><li>Estimate 4 for 2022-23 is $155.7b. This is 5.6% higher than Estimate 3 for 2022-23</li></ul><p>Via the Australian Bureau of Statistics, estimates of expenditure & actuals:</p><p>This graph leaves a bit to be desired, the labelling on the horizontal axis doesn't have the years. Sure, we can figure it out but ... why?</p><p>Anyway, the estimate (4 for 2022-23) is higher than the previously reported, but will it be realised. Plant and machinery capex (see above) disappointed, who's to say this will not also?</p><p>--</p><p><a href="https://www.forexlive.com/terms/a/aud/" target="_blank" id="f268dd26-8a91-4e12-86ca-e02408705ff6_1" class="terms__main-term">AUD</a>/USD little changed</p><p>-</p><p>-</p><p>-</p><p>-</p><p>-</p><p>-</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Australian private capital expenditure (September quarter 2022) -0.6% (expected +1.5%) (https://forexlive.com/news/australian-private-capital-expenditure-september-quarter-2022-06-expected-15-20221201/https://forexlive.com/news/australian-private-capital-expenditure-september-quarter-2022-06-expected-15-20221201/)
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