Private Capital Expenditure fell by 4.4%

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Thursday, May 28 2015

The seasonally adjusted estimate for total new capital expenditure fell 4.4% in the March quarter 2015. Analysts were anticipating smaller decline by 2.2%. Seasonally adjusted estimate for buildings and structures fell 6.5% in the March quarter 2015. Other Selected Industries fell 11.7%, Mining fell 2.8% and Manufacturing fell 41.0% in seasonally adjusted terms.

Seasonally adjusted estimate for equipment, plant and machinery fell 0.5% in the March quarter 2015. Mining fell 14.6% while Other Selected Industries rose 1.6% and Manufacturing rose 8.1% in seasonally adjusted terms.

After the data Aussie was pushed sharply down and is currently being traded few points below 0.77 handle. Pair is likely to find support around 0.7650 and resistance above 0.7750 area. Later today, in the US session Unemployment Claims and Pending Home Sales figures are scheduled for a release.

More in this category: « Markets little changed in a quite Wednesday trade UK GDP unchanged from Prelim Reading »

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