Australian Private Capital Expenditure (capex) for Q3
Headline -2.2% q/q ... Q3 data from Australia has suffered from extended lockdowns in the country's two most populous states (covering just under half of Australia's population). Q4 capex is expected to be back on the improve given reopening.
- expected -2% q/q, prior +4.4%
Updates to estimates:
Estimate #4 for 2021/22 $138.6bn, up 8.7% from est. 3
- estimate 3 was A$127.7bn
Equipment and buildings:
- plant & machinery capex -4.1% q/q and +17.4% y/y
- building capex -0.2% q/q and +9% y/y
Actual and estimates:
The 4th estimate for 21/22 is higher than all those (to the left) on the graph, this is a positive piece of news.
