Australia Q2 Capex (Private Capital Expenditure): +4.0% q/q (vs. flat at 0.0% expected, and prior of -4.7%)

The 3rd estimate for 2013/14 Capex spending has come in higher at $A 159.2bn:

  • The previous estimate (the second) was $156.5bn
  • Forecasts for the third estimate were for $159.8bn

Plant/machinery capex -1.2% q/q

Building capex +7.1% q/q

This is a reasonably bullish result, the headline improving and the forecasts for the 2013/14 year slightly higher.