Preview - "Your 10-second guide to today's Australian retail sales report"

Australian March quarter 2017 Capex survey data is due today at 0130GMT

I posted a few bank previews already:

• A very brief one 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) 


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

Business insider have this one up, a great summary & preview;

• Your 10-second guide to today"s Australian CAPEX report
  

But I"m gonna have to have a word with them about "10 seconds" :-D.

Maybe for the speed readers.

In very brief from the BI piece (check out the link above for more), the major points to watch

1. Expectations for the headline is +0.5%

2. Equipment, plant and machinery figure, a direct input into Q1 GDP

• There"s no forecast offered for this figure


• But ANZ"s economics team thinks it"s likely to increase by 1.5% given growth in capital goods imports during the quarter


• Such an outcome would make a positive contribution to quarterly GDP


• Previously expenditure in this category grew by 0.4%.

3. In terms of the second estimate of 2017/18 spend

• the figure that"s most likely to generate market volatility


• the median forecast is looking for expenditure of $88 billion, higher than than the first estimate of $81 billion


• Estimates tend to increase over time as strength in operating conditions becomes more clear to firms


• Within the second estimate, many will be looking at expected spend from other industries, particularly as the RBA expects it to pick up in the quarters ahead.

Preview - "Your 10-second guide to today"s Australian retail sales report"
Preview - "Your 10-second guide to today"s Australian retail sales report"
http://www.forexlive.com/feed/news
$inline_image !!! CLICK HERE TO READ MORE !!! Preview - "Your 10-second guide to today"s Australian retail sales report" Forex Blog | Free Forex Tips | Forex News http://www.forextutor.net/preview-your-10-second-guide-to-todays-australian-retail-sales-report/