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27 Feb 2014
Australia's Q4 capex disappoints
FXStreet (Bali) - Australia's private capital expenditure (2013 Q4) came at -5.2% vs -1.3% expected and +3.6% prior.
The first estimate for 2014/15 private capital expenditure came at $124.9bn vs expected is $122/155bn range, while the 5th estimate for 2013/2014 registered a $167.1bn vs $167bn vs $166/167bn last. The forecast for equipment, plant and machinery capex, came at -8.6% vs +0.5% expected.
Q4 2013 key points - Australian Bureau of Statistics
ACTUAL EXPENDITURE (VOLUME TERMS)
The trend volume estimate for total new capital expenditure fell 0.7% in the December quarter 2013 while the seasonally adjusted estimate fell 5.2%.
The trend volume estimate for buildings and structures rose 1.1% in the December quarter 2013 while the seasonally adjusted estimate fell 3.5%.
The trend volume estimate for equipment, plant and machinery fell 4.6% in the December quarter 2013 while the seasonally adjusted estimate fell 8.6%.
EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
This issue includes the fifth estimate (Estimate 5) for 2013-14 and the first estimate (Estimate 1) for 2014-15.
Estimate 5 for 2013-14 is $167,066m. This is 0.5% higher than Estimate 5 for 2012-13. Estimate 5 is 0.8% higher than Estimate 4 for 2013-14.
Estimate 1 for 2014-15 is $124,880m. This is 17.4% lower than Estimate 1 for 2013-14.
The first estimate for 2014/15 private capital expenditure came at $124.9bn vs expected is $122/155bn range, while the 5th estimate for 2013/2014 registered a $167.1bn vs $167bn vs $166/167bn last. The forecast for equipment, plant and machinery capex, came at -8.6% vs +0.5% expected.
Q4 2013 key points - Australian Bureau of Statistics
ACTUAL EXPENDITURE (VOLUME TERMS)
The trend volume estimate for total new capital expenditure fell 0.7% in the December quarter 2013 while the seasonally adjusted estimate fell 5.2%.
The trend volume estimate for buildings and structures rose 1.1% in the December quarter 2013 while the seasonally adjusted estimate fell 3.5%.
The trend volume estimate for equipment, plant and machinery fell 4.6% in the December quarter 2013 while the seasonally adjusted estimate fell 8.6%.
EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
This issue includes the fifth estimate (Estimate 5) for 2013-14 and the first estimate (Estimate 1) for 2014-15.
Estimate 5 for 2013-14 is $167,066m. This is 0.5% higher than Estimate 5 for 2012-13. Estimate 5 is 0.8% higher than Estimate 4 for 2013-14.
Estimate 1 for 2014-15 is $124,880m. This is 17.4% lower than Estimate 1 for 2013-14.