Business capital expenditure in Q1 2019 and estimates ahead, due at 0130 GMT
Earlier previews:
- capex data for Q1 due this week - preview
- AUD traders - heads up for the capex data for Q1 due Thursday 30 May 2019
TD look for +2.7% q/q, well above consensus:
- citing improved non-residential construction
- The sector that feeds into GDP - plant and equipment - is expected to be weak
On the 6th estimate (see links above for more on this):
- For 2018/19 (almost an actual print) we look for a modest upgrade from $A118.3b to $A122.8b (a 4% increase compared with 2% in the prior survey)
