Australia – HIA new home sales

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More importantly, at 0030GMT we get the Q3 capex data: Preview – Capex – another GDP input data point due from Australia today

Click the link for the preview … but the most focus from the release is:

  • The ‘headline’ figure is expected to be -1.9% from +1.1% in Q2.
  • The “equipment, plant and machinery” component of this total feeds into next week’s GDP business investment figures so that component might influence market reaction. The “equipment, plant and machinery” component is expected at -1.0% ,, the Q2 reading was -0.9%
  • The other key data point from this report is the capital spending expectations for financial year 2014/15. This is Estimate 4 for 2014/15