The November NAB Business Survey (out at 0030GMT) will contain a section on Capital Expenditure. Capex is of specific interest to the RBA in monitoring how the economy is currently responding to the peak mining boom – so this section of the report will be of special interest today.
From the October report:
- Capex ‘its lowest levels since August 2009′
- ‘In the month, the capex index deteriorated heavily in transport & utilities (down 37) and mining (down 7), while it bounced back solidly in construction (up 15). ‘
