Felicity Emmett, senior economist at ANZ, notes that the Australian Q4 Capex rose a solid 2% q/q with machinery & equipment spending rising a modest 0.7% and (in contrast to yesterday’s very weak construction work done numbers) private non-residential construction rose a strong 3.2%. Key Quotes “In even better news, the outlook remains strong. Non-mining firms now plan to increase investment by 8.5% in the current financial year, a little stronger than the 6.7% expected in the Q3 release.” “For 2019-20 non-mining firms plan to increase investment another 6.6%. While these estimates are pretty rubbery at this early stage of the cycle, the positive tone suggests that businesses remain relatively upbeat about the outlook.” “The mining sector also continues to be upbeat. While plans for 2019-20 were downgraded, mining firms expect to increase spending in 2019-20 by a strong 21%.” “The RBA is likely to be relieved with the upgrade to investment plans.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Suzuki: No need to ease now as momentum for hitting price goal sustained FX Street 4 years Felicity Emmett, senior economist at ANZ, notes that the Australian Q4 Capex rose a solid 2% q/q with machinery & equipment spending rising a modest 0.7% and (in contrast to yesterday's very weak construction work done numbers) private non-residential construction rose a strong 3.2%. Key Quotes "In even better news, the outlook remains strong. Non-mining firms now plan to increase investment by 8.5% in the current financial year, a little stronger than the 6.7% expected in the Q3 release." "For 2019-20 non-mining firms plan to increase investment another 6.6%. While these estimates are pretty rubbery at this early stage of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
