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Upbeat Australian Capex numbers

FXStreet (Bali) - Figures on Australian private capital expenditure expenditure (Capex) for Q3 came +0.2 pct, while latest estimate 2014/15 capex stood at a$153.2 bln (earlier estimate a$145.2 bln according to Reuters).

Key headlines

Australia Q3 new capital expenditure +0.2 pct qtr/qtr s/adj (reuters poll -1.5 pct)

Australia latest estimate 2014/15 capex a$153.2 bln (earlier estimate a$145.2 bln)

Australia Q3 building capex -1.9 pct q/q, s/adj

Australia Q3 plant/machinery capex +4.4 pct q/q, s/adjaupmc=eci

Q3 key points - ABS

ACTUAL EXPENDITURE (VOLUME TERMS): The trend volume estimate for total new capital expenditure was unchanged in the September quarter 2014 while the seasonally adjusted estimate increased by 0.2%. The trend volume estimate for buildings and structures decreased by 1.2% in the September quarter 2014 while the seasonally adjusted estimate decreased by 1.9%. The trend volume estimate for equipment, plant and machinery increased by 2.6% in the September quarter 2014 while the seasonally adjusted estimate increased by 4.4%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS): This issue includes the fourth estimate (Estimate 4) for 2014-15. Estimate 4 for 2014-15 is $153,210m. This is 7.5% lower than Estimate 4 for 2013-14. Estimate 4 is 2.2% higher than Estimate 3 for 2014-15. See pages 7-10 for further commentary on expectations data.

Australia Private Capital Expenditure registered at 0.2% above expectations (-1.5%) in 3Q

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