Australia AUD

Australia Private Capital Expenditure QoQ

Impact:
Low

Latest Release:

Date:
Surprise:
-0.6%
Actual:
-0.1%
Forecast: 0.5%
Previous/Revision:
0.2%
Period: Q1

Next Release:

Date:
Forecast: 0.2%
Period: Q2
What Does It Measure?
Australia's Private Capital Expenditure (Capex) measures the total amount of capital spending by private businesses in a given quarter. The primary focus is on investment in fixed assets such as machinery, equipment, and buildings, which are crucial indicators of future production capacity and overall economic growth.
Frequency
The Private Capital Expenditure report is released quarterly, usually providing a mixture of preliminary estimates that are subject to revision before final figures are published about six weeks after the initial release.
Why Do Traders Care?
Traders monitor Private Capital Expenditure as it reflects the level of confidence businesses have about the economy and their willingness to invest, which can directly impact financial markets. Positive or higher-than-expected results are often perceived as bullish for the Australian dollar and equities, while disappointing figures may lead to bearish sentiment in these markets.
What Is It Derived From?
This economic indicator is derived from surveys sent to a representative sample of private sector businesses, assessing their actual expenditure along with expected future spending. The data is collected using a combination of quantitative measures and statistical sampling techniques to ensure the accuracy and reliability of the reported figures.
Description
The Private Capital Expenditure report distinguishes between preliminary estimates, which are based on early collected data and subject to further revisions, and final data that represents a more complete assessment of capital investment activity. This report is generally quoted year-over-year (YoY), effectively illustrating long-term trends and eliminating seasonal variations that could otherwise distort the understanding of capital expenditure changes.
Additional Notes
This indicator acts as a leading economic measure, often signaling future economic performance based on businesses' investment strategies. Trends in Capex can provide insights into broader economic conditions and can be compared against other economic indicators such as GDP growth to assess overall economic health.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-0.1%
0.5%
0.2%
-0.6%
-0.2%
0.8%
1.6%
-1%
1.1%
0.9%
-2.2%
0.2%
-2.2%
1%
1.9%
-3.2%
1%
0.5%
0.9%
0.5%
0.8%
0.5%
0.3%
0.3%
0.6%
1%
3.4%
-0.4%
2.8%
1.2%
3.7%
1.6%
2.4%
1%
3%
1.4%
2.2%
1.3%
0.6%
0.9%
-0.6%
1.5%
0%
-2.1%
-0.3%
1.5%
0.4%
-1.8%
-0.3%
1.5%
2.3%
-1.8%
1.1%
2.6%
-2.2%
-1.5%
-2.2%
-2%
3.4%
-0.2%
4.4%
2.5%
6%
1.9%
6.3%
2%
4.2%
4.3%
3%
0%
-3.1%
3%
-3%
-1.5%
-7.1%
-1.5%
-5.9%
-8.4%
-2.1%
2.5%
-1.6%
-2.6%
-2.6%
1%
-2.8%
0.4%
-0.4%
-3.2%
-0.2%
-0.1%
-0.6%
-0.1%
-0.5%
0.5%
-1.3%
-1%
-1.7%
0.5%
1.3%
-2.2%
2%
0.5%
0%
1.5%
-0.5%
1%
-0.9%
-1.5%
-2.5%
0.6%
1.2%
-3.1%
0.4%
0.8%
0.2%
-0.4%
-0.2%
0.9%
1.9%
-1.1%
1%
1%
1.1%
0.8%
0.3%
0.9%
0.5%
0.3%
0.8%
-1%
-0.5%