Private Capital Expenditure data for the December quarter of 2016
Down 2.1%
- expected -0.5%, prior -4% q/q
Equipment, plant and machinery +0.4%
- prior -1.9%
Buildings capex -4.1%
- prior -5.7%
First estimate for 2017/18 capex is AUD80.6bln
- expected 84.8
Fifth estimate for 2016/17 is AUD112.2bn
- 4th estimate was 107bn
You need me to draw one of those down sloping red lines or are you OK with this as it is? Capex, AKA Crapex ...
Some breakdown pics:
Manufacturing capex up a little, a positive
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Mining .... no surprise here
more to come
