| About CMS | Forex Services | Trading Software | Forex Education | Forex Resources | My Account |
- JPN
- AUS
Main Indicator: Private New Capital Expenditure q/q
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.5% | 7.4% | 5.7% | ||
|
For 3rd Quarter (s.a.)
Cap. Expen. y/y: 15.9%, pr. 8.1% (2Q), 4.6% (1Q), 15.3% (4Q '07) |
|||||
Table of Past Data
| 8/29 | 11/28 | 2/27 | 5/28 | 8/27 | 11/26 | ||||||
| Actual | 6.3% | -6.5% | 5.1% | -2.5% | 5.7% | 0.6% | |||||
| Forecast | 2.2% | 2.2% | 3.0% | 3.1% | 2.0% | 0.5% | |||||
| Previous | 10.3% | 7.1% | -6.5% | 7.3% | 1.0% | 7.4% | |||||
| Revised From | 9.1% | 6.3% | N/A | 5.1% | -2.5% | 5.7% | |||||
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| 5.7% | 2.0% | 1.0% | -2.5% | ||
|
For 2nd Quarter (s.a.)
Capital Expenditure y/y: 8.1%, pr. 4.6% (1Q), 15.3% (4Q '07) Capital expenditure rose 5.7% in the June quarter, after a positively revised first quarter, and beat forecasts of a 2.0% gain. Australia so far seems to have avoided any major hiccups in the financial system that the US had been having. This slightly brightens the outlook for the economy, and somewhat lessens the pressure for the RBA to cut rates. On the other hand, weak numbers from the rest of the economy such as this week's poor construction numbers and worsened leading index suggest a rate cut is warranted. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -2.5% | 3.1% | 7.3% | 5.1% | ||
|
For 1st Quarter (s.a.)
Capital Expenditure y/y: 4.6%, pr. 15.3%
Spending on new capital declined 2.5% for the 1st quarter, while the 4th quarter results were revised up to 7.3%. The data shows that companies are reacting to higher credit costs, and anticipating weaker sales and are investing less in equipment as they expect demand to cool. Spending totaled A$20.56 billion, compared to A$21.08 billion for the 4th quarter. The data surprised forecasts on the downside, and pressured the Aussie.
The Australian Dollar fell close to 100 pips against the US Dollar from its high prior to the release. The pair has been stuck in a range the last 5 sessions, and following the US open, the AUD/USD pair was trading near the low of this range. |
|||||
|
Actual | Forecast | Previous | Revised Form | |
| 5.1% | 3.0% | -6.5% | N/A | ||
|
For 4th Quarter (s.a.)
Capital Expenditure recovered in the 4th quarter, posting a 5.1% increase compared to the 3rd quarter 6.5% decline. On a seasonally adjusted basis building and structures increased 5.1%, while equipment, plant and machinery saw a 3.8% climb in investment.
|
|||||
|
Actual | Forecast | Previous | Revised Form | |
| -6.5% | 2.2% | 7.1% | 6.3% | ||
| For 3rd Quarter | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 6.3% | 2.2% | 10.3% | 9.1% | ||
| (sa). The June quarter saw expenditures for buildings and structures increase 4.3%(sa), while expenditures for equipment, plant and machinery rose 5.5%(sa). The combined total expenditure surprised expectations for the June quarter, and indicates strong investment. | |||||