Australian Q1 capex data due today - preview 3 (this one is a quickie)

Australian Q1 Capex is due today at 0130GMT

I posted a few previews already.

• The first is a super quickie on the headline only as part of Economic data due from Asia: Japan, Australia capex; BOJ, Fed; China - big day coming  


• Australian Q1 capex data due today - preview  (lots of detail) 


• Australian Q1 capex data due today - preview 2 (more detail)

(more detail)

Now, this, a quickie from RBC:

There are three key numbers in the detailed CAPEX survey

1. Firstly, real capex in Q1, which we expect to have fallen modestly (RBC -0.5%) as the capex downturn begins to abate. This will feed into Q1 GDP due on 7 Jun, which is shaping up on the soft side.


2. Secondly, an update on nominal spending plans for FY2016-17.


3. And thirdly, the second estimate of plans for FY2017-18.

We note that the survey was conducted over the last 6-8 weeks, with business confidence at a 7-year high and conditions holding at a decade-high. Plans for both FYs should, accordingly, show some upward revision, especially 2017-18 with an inherent upward bias in the early estimates.

Australian Q1 capex data due today - preview 3 (this one is a quickie)
Australian Q1 capex data due today - preview 3 (this one is a quickie)
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