A brief extract from Westpac's preview:

  • growth in capex is expected to moderate, to slow but remain elevated, given the slowdown in consumer spending and business conditions ease from its highs
  • an increase in the March quarter is expected to come from equipment. Capital imports of machinery and equipment have grown strongly over the quarter as global supply chains improve and the prices of capital goods ease.
Economic calendar in Asia 30 May 2024 2