Developing story…
AUSTRALIA Q1 NEW CAPITAL EXPENDITURE -1.6 PCT QTR/QTR S/ADJ (REUTERS POLL -2.6 PCT)
AUSTRALIA Q1 BUILDING CAPEX -1.1 PCT Q/Q, S/ADJ
AUSTRALIA Q1 PLANT/MACHINERY CAPEX -2.3 PCT Q/Q, S/ADJ
Description of CAPEX
The Private Capital Expenditure released by the Australian Bureau of Statistics measures current and future capital expenditure intentions of the private sector. It is considered as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
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