Australian capex data for Q4, headline +3.0% q/q (expected +1.0%, prior -3%)

Author: Eamonn Sheridan | Category: News

Private capital expenditure for the December quarter of 2020, well ahead of expectations. 

  • Equipment, plant and machinery +5.7% q/q
  • Builidng/structures +0.7% q/q 
The headline is a beat, and those two components are also ahead of what was expected. Capex has not yet recovered to its pre-pandemic level and is nowhere even close to its peak level back in the mining infrastructure boom days (peak set in 2012).

"Estimate 5" for 2020/21 is AUD 121.4bn
"Estimate 1" for 2021/2022 is AUD 105.5bn 
Private capital expenditure for the December quarter of 2020, well ahead of expectations. 


AUD is little changed on the data release, the focus is on global reflation and not so much local data.
 


By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose