Australia Private Captial Expenditure for Q1 (i.e. January - March) 2021 disappoints at -0.3% q/q
- expected 1.5%, prior 1.1%
building capex -1.7%
- prior 2.2% q/q
plant and machinery capex +1.2% q/q
- prior -0.1% q/q
This is a disappointing report. If there is a bright spot its the gain for plant and machinery capex. In the graph below you can see a bump higher for the estimate (est 2), also a little encouraging.
Estimates:
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background: