ANZ is not upbeat on Australian capex outlook - bleak outside mining sector

Author: Eamonn Sheridan | Category: News

Australia Private new capital expenditure in the fourth quarter of 2019, data is here:

And, this:
ANZ now:
  • The outlook for Australian private new capex is bleak outside the mining sector.
  • Non-mining firms plan to reduce capex by 2% in 2019-20 and by 1% in 2020-21
  • but with effects of COVID-19 on supply chains emerging, there are significant downside risks
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AUD is managing to add a few points on the session:

Australia Private new capital expenditure in the fourth quarter of 2019, data is here:
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