The above is the headline data, Also important is:
- 1st estimate for 2014/15: &A$124.9bn (expected $139bn) … lowest 1st estimate since 2010-11
- Estimate 5 for 2013/2014: $167.1 (expected $167bn (this was the 4th estimate))
- The forecast for equipment, plant and machinery capex: -8.6% (expected up 0.5%)
A very weak report, two misses out of three – hence AUD being hit lower hard, slicing through the stops noted earlier below 0.8935 (I’ll come back with an updated orderboard as soon as I can)