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Australia: Gloomy capex outlook going forward

FXStreet (Bali) - Australia's private capital expenditure (Q4) came at -2.2% vs -1.9% exp and 0.2% last.

Key headlines - via Reuters

Australia q4 new capital expenditure -2.2 pct qtr/qtr s/adj (reuters poll -1.9 pct)

Australia first estimate 2015/16 capex a$109.8 bln

Australia latest estimate 2014/15 capex a$152.7 bln (vs earlier estimate a$153.2 bln)

Australia q4 building capex -2.6 pct q/q, s/adj

Australia q4 plant/machinery capex -1.3 pct q/q, s/adj

Australia Private Capital Expenditure came in at -2.2%, below expectations (-1.9%) in 4Q

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AUD/USD pops lower on poor capex

AUD/USD is currently trading 0.7866 with a high of 0.7889 and low of 0.7856.
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