Australia's capex third estimate 2015/16 higher-than-expected

FXStreet (Bali) - Australia's private capital expenditure has come at -4% for Q2 vs - 2.5% expected and -4.4% previous, while third estimate 2015/16 capex was $114,814m vs $A111bn exp.

Q2 key points

ACTUAL EXPENDITURE (VOLUME TERMS)

The trend volume estimate for total new capital expenditure fell 3.9% in the June quarter 2015 while the seasonally adjusted estimate fell 4.0%.

The trend volume estimate for buildings and structures fell 5.3% in the June quarter 2015 while the seasonally adjusted estimate fell 5.6%.

The trend volume estimate for equipment, plant and machinery fell 0.8% in the June quarter 2015 while the seasonally adjusted estimate fell 1.2%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

This issue includes the seventh estimate (Estimate 7) for 2014-15 and the third estimate (Estimate 3) for 2015-16.

Estimate 7 for 2014-15 is $150,579m. This is 4.7% lower than Estimate 7 for 2013-14. Estimate 7 is 0.5% higher than Estimate 6 for 2014-15.

Estimate 3 for 2015-16 is $114,814m. This is 23.4% lower than Estimate 3 for 2014-15. Estimate 3 is 9.9% higher than Estimate 2 for 2015-16.
See pages 7-10 for further commentary on expectations data.