https://www.cmegroup.com/content/dam/cmegroup/images/common/default/article-940x600.jpg
AU: Capital Expenditures
| Consensus | Consensus Range | Previous | |
| Quarter over Quarter | -0.3% | -3.0% to 1.5% | 6.4% |
| Year over Year | 6.9% |
Market Consensus Before Announcement
The consensus sees capex down 0.3 percent on quarter in Q4 after huge 6.4 percent growth in Q3. A retreat in data center spending is culprit.
Definition
Private New Capital Expenditure & Expected Expenditure data are estimates of actual and expected new capital expenditure by private businesses for selected industries in Australia. New capital expenditure refers to the acquisition of new tangible assets either on own account or under a finance lease and includes major improvements, alterations and additions. In general, this is expenditures charged to fixed tangible assets accounts excluding expenditure on second hand assets unless these are imported for the first time.
Note: The Australian Fiscal Year begins on July 1 and ends on June 30.
Description
Capital expenditures are a key to sustained growth and this survey provides information about capital spending and the types of assets that are drawing the most attention from industry. The survey, which is conducted quarterly by mail, is based on a random sample of approximately 8,000 units. The sample is stratified by industry, state/territory and derived employment size. The figures obtained from the selected units are supplemented by data from units which have large capital expenditure and are outside the sample framework or not adequately covered by it. Among the assets covered are buildings and structures including both business and residential, equipment for these structures as well as infrastructure spending. Equipment includes fixed equipment such as machinery, autos, office equipment, etc.