Australia Private Capital Expenditure rises to 4% in 2Q from -4.1%

Aug 29, 2013

Flash: Sell-off in US Treasurys has days numbered - HSBC

In view of HSBC, the correction in the US bond market may be nearly complete, with further increase in Treasury yields to require a new driver.

Australia - 3rd estimate for 2013/14 capex spending at $A 159.2bn

Private Capital Expenditure in Australia for the second quarter came at 4% vs 0.2% exp and -4.7% prior. The 3rd estimate for 2013/14 capex spending stands therefore at $A 159.2bn vs previous estimate (the second) for $156.5bn vs forecasts for the third estimate of $159.8bn. The Seasonally adjusted(a) capex in buildings and structures came at +7.1% while equipment, plant and machinery, a GDP input, stood at -1.2% vs -0.5% exp.