Australian private capital expenditure (September quarter 2022) -0.6% (expected +1.5%)

Australian Q3 2022 capex

The headline is -0.6% q/q

• expected +1.5%, prior -0.3%

Also:

• Building capex +0.5% q/q
• Plant and machinery capex -1.6% q/q (this is not a positive sign, it was expected to bounce back)
• Estimate 4 for 2022-23 is $155.7b. This is 5.6% higher than Estimate 3 for 2022-23

Via the Australian Bureau of Statistics, estimates of expenditure & actuals:

This graph leaves a bit to be desired, the labelling on the horizontal axis doesn't have the years. Sure, we can figure it out but ... why?

Anyway, the estimate (4 for 2022-23) is higher than the previously reported, but will it be realised. Plant and machinery capex (see above) disappointed, who's to say this will not also?

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AUD AUD The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank Read this Term/USD little changed

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