Q1 Private Capital Expenditure -4.4%

  • expected -2.2% and prior was -1.7% (revised from -2.2%)
  • Second estimate 2015/16 capex A$104.0 bln (vs earlier estimate A$109.8 bln) ... this comapres with an A$115 bn expected
  • Q1 building capex -6.5 pct q/q, s/adj
  • Plant/machinery capex -0.5 pct q/q, s/adj
  • Latest estimate 2014/15 capex A$149.9 bln (vs earlier estimate A$152.7 bln)

Wags on Twitter calling them C(r)apex numbers ... hard to argue with them

AUD/USD marked down immediately on this poor result.

From the Australian Bureau of Statistics:

ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE:

More:

  • Declines in mining, manufacturing and other industries
  • Mining investment in 2015-16 projected at A$52.2 bn (was A$53.8 bn last report)

(preview is here for background etc)