Private Capital Expenditure fell by 2.2% in Q4

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Thursday, Feb 26 2015

Latest release on Private Capital Expenditure showed that in the trend volume total new capital expenditure fell 0.8% in the December quarter 2014 while the seasonally adjusted estimate fell 2.2%, thus missing expectations on 1.7% decline. This followed two consecutive quarters of increase.

The trend volume estimate for buildings and structures fell 1.5% in the December quarter 2014 while the seasonally adjusted estimate fell 2.6%. On the other hand, the trend volume estimate for equipment, plant and machinery rose 0.9% in the December quarter 2014 while the seasonally adjusted estimate fell 1.3%.

After the data Aussie was pushed lower and is currently being traded around 0.7850 level. Pair is likely to find support around 0.78 handle, and resistance at 0.79 handle. Later today, in the US session, CPI, Durable Goods Orders and Unemployment Claims figures are scheduled for a release.

More in this category: « New Home Sales at an annual rate of 481,000 German Consumer Climate rose to 9.7 points »

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