Australian Private Capital Expenditure (capex) for Q1 2021: +6.3% q/q (expected +2%, prior +3%)

Capex data from Australia for January – Match 2021, headline number above with a very solid beat indeed. Up 0.8% y/y

  • equipment and machinery +9.1% q/q 
  • buildings and structures +3.8% q/q

Capex will be a very supportive input to the GDP figure due for Q1 next week Wednesday 2 June) 

Also, sixth estimate for capex in 2020/21

  • up 2.2% on est5, to A$124bn

  

And, the second estimate for 2021/22 

  • 113bn aud (from 105bn)

Capex data from Australia for January - Match 2021, headline number above with a very solid beat indeed. Up 0.8% y/y

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