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By Sophia Rodrigues
     SYDNEY (MNI) -  - The Australia Bureau of Statistics will publish Private
New Capital Expenditure and Expected Expenditure data for the second quarter at
1130 hours local time (0130 hours GMT). Below are the some of the things we
would be looking for:
     --For the first time the ABS will issue capex data for education and
training, and healthcare and social assistance. This is experimental estimates
but important to form a view of capex in the economy. ABS will present quarterly
data from September 2017 up to and including June quarter 2018. 
     --The RBA has long pointed out the incompleteness of capex data because it
excludes certain industries and doesn't cover certain types of investment such
as software, and research and development which according to its liaison has
been a focus for many firms recently.
     --MNI median consensus for third estimate for 2018-19 capex is A$102.0
billion. This is significantly higher than estimate two of A$87.7 billion. The
range of estimates is from A$94 billion to A$105.5 billion. So there's a
downside risk to the outcome.
     --Westpac economists consider A$102 billion as a "broadly neutral"
estimate, with A$97 billion as "softer" and A$107 billion as stronger. CBA
economists, on the other hand, view an outcome larger than A$97 billon as an
upgrade (their own forecast is A$97 billion).
     --Q2 capex is expected to rise 0.7% q/q. Range is +0.3% (Westpac) to +1.3%
(JP Morgan).
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MALDS$,M$A$$$,M$L$$$,MT$$$$]

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