Australian Q4 capex: -2.2 %
- expected -1.6%
- prior +0.2%
That's the 'headline' figure
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More (via Reuters):
- First estimate 2015/16 capex A$109.8 bln
- Latest estimate 2014/15 capex A$152.7 bln (vs earlier estimate A$153.2 bln)
- Building capex -2.6 pct q/q, s/adj
- Plant/machinery capex -1.3 pct q/q, s/adj
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AUD/USD lower on the worse than expected data
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Via Bloomberg:
- 2015-16 mining investment estimated at a$60.2 bln
- Q4 equipment, plant, machinery invest falls 1.3% q/q
- Buildings, structures investment falls 2.6% q/q
- Business investment fell 2.2% q/q; est. 1.6% fall
- Australian companies plan to spend a$152.7 bln in 2014-2015
- Australian companies plan to spend a$109.8 bln in 2015-2016
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While the data is worse than expected its hardly surprising that its worse than expected ... if that makes sense? Mining investment is a drag on the capex, as it has been for a good few years now .... no surprise in that. Still, it's the lowest quarterly send since December 2011 ...
And ... the look-ahead estimates are lower than expectations were ...
Overall, poor figures. Though ... like I said ... hardly a surprise.
I'll be back with more as the dust settles ...
ps. As noted earlier, 0.7840/50 initial support then 0.7760 9though 0.7800 gonna be some too). After the figs ... look for sellers to re-emerge 0.7865/70