Private new capital expenditure in the fourth quarter of 2019, a big, big miss
You may recall the mammoth crash in business confidence last year - one impact of this is in capital expenditure.
- mining capex -2.7%
- manufacturing capex -10.1%
- other -1.9%
More:
- Estimate 5 for '19-20: AUD 120bn (from 117 for the previous estimate, 4)
- 2020/21 estimate 100bn AUD
- Q4 capex on building -5.9% q/q
- Q4 plant and machinery +0.8% q/q
Another drag on Q4 GDP (data due Wednesday 4 March)
Via ABS:
