At 0030GMT, 4th quarter (2013) private capital expenditure data is due from Australia.

The ‘headline’ data point expected is -1.3%, prior was +3.6%, but the data such as

  • the forecast for equipment, plant and machinery capex (expected is 0.5%),
  • Estimate 5 for 2013/2014 – estimate 4 came in at $167bn, and forecasts range from 160 – 174bn, with median at $167bn
  • And the first estimate for 2014/15 (expected is $139bn). Note, the 1st estimate is an initial estimate only and will be followed in subsequent quarters by estimates 2 through 7!

are of more significance