Actual responses to Capex data via Twitter ... from economists analysts etc.
Earth shattering
Crapex
Very sobering
I'd add my own, but the other guys don't like it when I use foul language
More:
- no good news in the capex survey
- it's horrible
- Australian capital expenditure plummeted in the first three months of this year, casting a pall over the economy's transition
- further evidence that the transition toward investment in the non-mining sectors remains quite some time away
- further decline, from an already weak outlook, suggests that businesses are severely lacking in the confidence required to lift investment
- Business investment tanked in the first quarter
- investment strike
- slump in business spending
- real concern in capex data was 2015-16 exp inv of $104bn v mkt exp for $115bn. This is -25% from same est yr ago. Stil bleak inv outlook
more to come