Q2 2013 Capex (Private Capital Expenditure) is expected to be flat at 0.0% change (the prior was -4.7% – graph of past results here).

  • Apart from this headline number, market focus will also be on the 3rd estimate for 2013/14 Capex spending
  • The previous estimate (the second) was $156.5bn
  • Forecasts for the third estimate are slightly higher, but basically unchanged from the 2nd, at $159.8bn
  • I would think the biggest risk for the markets is a downside one, a figure below the previous estimate risks AUD selling. there are, however, bids building in AUD below