Capex conundrum for the RBA
David Scutt
Scutt Partners
Capex conundrum for the RBA? Australian Q3 capital expenditures figures will be released at 11.30am this morning. After bouncing 1.1% in Q2 economists are looking for a decline of 1.5% in Q3. Given it directly feeds into GDP calculations expect the plant, equipment and machinery figure, along with the 4th estimate of 2014/15 capex spend, to be the most influential figures on the market. The former is expected to decline 1.0% following a 0.9% drop in Q2 while the 3rd estimate of 2014/15 spend was $145.2b. Any significant undershoot on these figures, particularly together, will have ramifications for the outlook of domestic interest rates. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest rate movements and has been an active trader on behalf of his employers.Over the past 5 years David has become a respected financial analyst and has built a strong following on social media with his insights into the domestic and international markets for currencies and interest rates.Web: www.scuttpartners.com.au LinkedIn: https://www.linkedin.com/pub/david-scutt/9/34a/841
David Scutt
Independent Market Strategist
Scutt Partners
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
David Scutt
Independent Market Strategist
Scutt Partners
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment