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The Australia Bureau of Statistics will...>

AUSTRALIA
AUSTRALIA: 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).
- 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 3rd estimate for 2018-19 capex is A$102.0bn. This is
sig. higher than estimate 2 of A$87.7bn. The range of estimates is from
A$94bn-A$105.5bn.
- For full piece see MNI Main Wire 02:15 BST 08/30 or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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