FXStreet (Bali) – Australia’s private capital expenditure has come at -4.4% for Q1 vs – 2.2% in Q4 last year, while second estimate 2015/16 capex was A$104.0 bln vs earlier estimate of A$109.8 bln.
MARCH KEY POINTS
ACTUAL EXPENDITURE (VOLUME TERMS)
The trend volume estimate for total new capital expenditure fell 2.3% in the March quarter 2015 while the seasonally adjusted estimate fell 4.4%.
The trend volume estimate for buildings and structures fell 3.7% in the March quarter 2015 while the seasonally adjusted estimate fell 6.5%.
The trend volume estimate for equipment, plant and machinery rose 0.7% in the March quarter 2015 while the seasonally adjusted estimate fell 0.5%.
EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
This issue includes the sixth estimate (Estimate 6) for 2014-15 and the second estimate (Estimate 2) for 2015-16.
Estimate 6 for 2014-15 is $149,946m. This is 8.1% lower than Estimate 6 for 2013-14. Estimate 6 is 0.6% lower than Estimate 5 for 2014-15.
Estimate 2 for 2015-16 is $104,033m. This is 24.6% lower than Estimate 2 for 2014-15. Estimate 2 is 1.4% higher than Estimate 1 for 2015-16.
CHANGES TO THIS ISSUE
The December quarter estimate for expected expenditure in 2015-16, Estimate 1, has been revised downwards by $7,228m (-6.6%). Buildings and structures was revised downwards by $6,788m (-8.9%) and equipment, plant and machinery was revised downwards by $440m (-1.3%). The December quarter estimate of short term expectation for total capital expenditure in the six months ending 30th June 2015 was revised downwards by $2,196m (-3.0%) and the estimate for actual total capital expenditure for the December quarter 2014 was revised upwards by $338m (+0.8%) in original, current price terms. The revisions are due to updated information received from survey respondents.
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