Australian Private Capital Expenditure (capex) headline 1.1% q/q (vs. expected 2.6%)

• Private sector capex will provide another input for the Q4 2021 GDP (data for this is due on March 2 local time, 0030 GMT).

Headline +1.1% q/q for a miss

• expected 2.6% q/q, prior -2.2%

plant & machinery capex -0.1% q/q

• prior -4.1% q/q

building capex +2.2% q/q

• prior -0.2% q/q

Capex intentions:

more to come

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