Capex data from Australia for the April to June quarter of 2019
Another disappointing result … miss for this headline
Australia Private Capital Expenditure for Q2 -0.5% q/q
- expected +0.4%
- prior -1.7%
The "3rd estimate" is not so bad, coming in at AUD 113.4bn, pretty much as expected. The final estimate for 18/19 is AUD 122bn, so against that the 3rd estimate is not so good.
Plant and equipment +2.5% q/q
building and structures -3.3% q/q
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You can see the evolution of lower capex in the graphs below from the ABS. If you look real close you'll see maybe a bottoming (… me trying to pick a positive) :
