<p>Australian Q3 2022 capex</p><p>The headline is -0.6% q/q</p><ul><li>expected +1.5%, prior -0.3%</li></ul><p>Also:</p><ul><li>Building capex +0.5% q/q</li><li>Plant and machinery capex -1.6% q/q (this is not a positive sign, it was expected to bounce back)</li><li>Estimate 4 for 2022-23 is $155.7b. This is 5.6% higher than Estimate 3 for 2022-23</li></ul><p>Via the Australian Bureau of Statistics, estimates of expenditure & actuals:</p><p>This graph leaves a bit to be desired, the labelling on the horizontal axis doesn't have the years. Sure, we can figure it out but … why?</p><p>–</p><p>AUD/USD little changed. </p>
This article was written by Eamonn Sheridan at forexlive.com.
