Australian July to September quarter private capital expenditure is due noext week
- Thursday 30 November 2017
- At 0030 GMT
- Bloomberg consensus is also a focuss median is +1.0% for the headline, prior was +0.8%
- 'Estimate 4' for 2017/18 is also a focus (estimate 3 was 102bn Australian dollars)
This via ANZ:
- The bank is expected -1.9% q/q
- Estimate 4 is expected at 106 bn AUD
- Capital expenditure is forecast to have fallen in Q3, led by declines in the engineering sector, as mining projects in Western Australia get closer to completion.
- The key input to GDP, plant and machinery spending, is expected to have increased in line with strong capital imports in the quarter.
- Further, we anticipate a solid upward revision to firms' spending plans for 2017-18, given strength in business conditions.
(file this away for next week, K?)
