Home Australia’s Private Capex misses estimates with -3% in Q3, AUD/USD unfazed

Australia’s Private Capex misses estimates with -3% in Q3, AUD/USD unfazed

Updated: 26 Nov. 2020 | 01:32

Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday.

Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.

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