Private New Capital Expenditure and Expected Expenditure from Australia's Bureau of Statistics
What you see there in the headline is the, well, headline result
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via Reuters:
Australia Q4 new capital expenditure +0. 8 % q/q s/adj
- expected -3.0%, prior is -8.4%, revised from -9.2%
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First estimate of 2016/17 capex AUD82.6 bln
- this is toward the low end of estimates, and down around A$40bn from this current year. This is estimating capex at its lowest level in 9 years
This is the recent history of capex according to the survey, and the far right is today's first estimate for next year. I've drawn in the ugly red arrows. I haven't been very popular with the doomers lately, so this ugly arrows might redeem me a little :-D
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Latest estimate of 2015/16 capex AUD$124.0 bln
See the graph above, the final column in 2015-16 is this latest estimate, estimate number 5 for this fiscal year.
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Q4 plant/machinery capex +0.1 pct q/q, s/adj
Q4 building, structures capex +1.2 pct q/q, s/adj
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The first estimate for non-mining capex for 2016/17 is in at 48bn ... which is weak
more to come
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For more background on this data, my preview is here
