The CapEx figures are a major market focus.
We get Q4 2012 Private Capital Expenditure.
- Prior was +2.8%
- Expected is +1.0%
BUT …
The RBA is watching for a transition from the resource extraction boom to consumer and construction-led growth, so the first estimate of 2013/14 CapEx spend will be the most closely watched area of the release. There are no formal forecasts, but dealers say they are looking for a figure around $150bn. If its much higher or lower than this there could well be a significant impact on the outlook for interest rates (and hence on the AUD).
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Also at 0030GMT is the Private Sector Credit figures … they will be overshadowed by the CapEx release.
For the m/m:
- Prior was +0.4%
- Expected is +0.3%
For the y/y:
- Prior was +3.6%
- Expected is +3.7%
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Earlier AUD orderboard
