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Australian Q4 Private Capital Expenditure (Capex) due at 0030GMT

Discussion in 'Market News' started by ForexLive, Feb 24, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What preview of Australian Capex data would be complete without men tioning the 'mining investment boom' unwind? The fall in mining investment is not news, its been ongoing for a good few years now, the question is the replacement of this with non-mining related capital expenditure. This has been weak, weaker than expected, and its a concern going forward. Even RBA governor Glenn Stevens, who is otherwise sanguine on the path for the Australian economy (2015 had the highest employment growth in a decade and low inflation, dual mandate ... 'sorted') is perturbed by low capex:

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