Australian Private Capital Expenditure (capex) for Q2 2021 +4.4% q/q (vs. expected 2.5% q/q, prior 6.3%)

Australian capex data for the April - June period.

+4.4% q/q (vs. expected 2.5% q/q, prior 6.3%)

• plant and machinery capex +4.3% q/q

• building capex +4.6% q/q

• latest estimate for 21/22 is AUD 127.7bn, up from $113.6bn ... that upgrade is higher than expected

---

Background here:

• Australian Private Capital Expenditure (capex) data for Q2 2021 is due at 0130GMT - brief preview