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