Australia Private Capital Expenditure for the April to June quarter is due Thursday 30 August 2018 at 0130GMT
ANZ preview:
- We believe capital expenditure rose only slightly in Q2, although machinery and equipment spending (which flows directly into GDP) is expected to post solid growth, in line with strength in business conditions and capital goods imports.
- But the overall spending number will be weighed down by the ongoing decline in mining investment, implied in this week's construction data. We anticipate a solid upgrade to firms' spending plans for 2018-19, consistent with rising capacity utilisation. We will release a detailed capex preview on Monday.
I posted a preview of it here earlier also (via NAB)
