The headline number is just part of the capex story.
Q1 Capex % q/q
- expected +0.5%, prior +0.8%
- Plant and machinery +3.3% q/q (prior -0.1%)
- Building capex -0.9% q/q (prior +1.5%)
Estimates improving:
Wobbly arrows are mine to make this a little easier to read.
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There were also data on building approvals for April, -0.3% m/m, not as good as expected
- expected +1.5%, prior +1.9%
