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Private New Capital Expenditure and Expected Expenditure, Australia, Dec 2016
DECEMBER KEY POINTS ACTUAL EXPENDITURE (VOLUME TERMS) • The trend volume estimate for total new capital expenditure fell 3.1% in the December quarter 2016 and the seasonally adjusted estimate fell 2.1%. • The trend volume estimate for buildings and structures fell 4.7% in the December quarter 2016 and the seasonally adjusted estimate fell 4.1%. • The trend volume estimate for equipment, plant and machinery fell 0.4% in the December quarter 2016 while the seasonally adjusted estimate rose 0.4%. EXPECTED EXPENDITURE (CURRENT PRICE TERMS) • This issue includes the fifth estimate (Estimate 5) for 2016-17 and the ... (full story)
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Australian Quarterly Capex Declines Faster Than Expected in Q4
Business investment in Australian firms slumped more than expected in the December quarter, pushing the Aussie dollar sharply lower. Private capital expenditure – a leading indicator of economic activity – fell 2.1% in the three months to December, the Australian Bureau of Statistics reported on Thursday. Analysts in a median estimate forecast a 0.4% slump. The December slump marked the fourth consecutive quarter of declining capex for Australian businesses. Capital expenditure is down in eight of the past nine quarters overall. However, there was a silver lining: the decrease in October-December was the smallest ... (full story)
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