MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: BANK OF KOREA CUTS RATE TO 3.00%: PRESS

MNI BRIEF: Hungarian Banks Strong, But Risks Remain - NBH

MNI China Daily Summary: Wednesday, November 27

MNI: SPAIN NOV FLASH HICP +0% M/M, +2.4% Y/Y

US EIA:NAT GAS STORAGE -2 BCF TO 3,967 BCF NOV 22 WK

EZ/UK Bond Supply Calendar: Italy Auction, Finland ORI Thurs

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUSTRALIA DATA: Capex Recovery May Have Begun Driven By Non-Mining

AUSTRALIA DATA
APACAustraliaData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Private capital expenditure rose 1.1% q/q in Q3 to be up 1.0% y/y, close to consensus expectations, after falling 2.2% q/q and -0.1% y/y in Q2. The increase was driven by non-mining investment. It signals that private GFCF should post a positive quarterly result in December 4’s Q3 national accounts. Inventory, net exports and government spending inputs are released December 2 and 3.

  • Private building investment rose 1.1% q/q as did machinery & equipment but compared to a year ago they were down 1.1% y/y and up 3.4% y/y respectively.
  • Investment intentions for the current financial year were revised up 5.1%.
  • Mining investment was weak in Q3 falling 1.9% q/q but intentions were revised moderately higher by 1.4%.
  • Non-mining rose 2.3% and intentions were revised up 6.7%. Building was 3.5% q/q higher driven by large manufacturing upgrades and data centre builds. Machinery & equipment increased 1.4% q/q driven by the manufacturing, finance and health sectors. 

Australia real capital expenditure y/y%

Keep reading...Show less
162 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Private capital expenditure rose 1.1% q/q in Q3 to be up 1.0% y/y, close to consensus expectations, after falling 2.2% q/q and -0.1% y/y in Q2. The increase was driven by non-mining investment. It signals that private GFCF should post a positive quarterly result in December 4’s Q3 national accounts. Inventory, net exports and government spending inputs are released December 2 and 3.

  • Private building investment rose 1.1% q/q as did machinery & equipment but compared to a year ago they were down 1.1% y/y and up 3.4% y/y respectively.
  • Investment intentions for the current financial year were revised up 5.1%.
  • Mining investment was weak in Q3 falling 1.9% q/q but intentions were revised moderately higher by 1.4%.
  • Non-mining rose 2.3% and intentions were revised up 6.7%. Building was 3.5% q/q higher driven by large manufacturing upgrades and data centre builds. Machinery & equipment increased 1.4% q/q driven by the manufacturing, finance and health sectors. 

Australia real capital expenditure y/y%

Keep reading...Show less