Private Capital Expenditure fell by 4.0%
The trend estimate for total new capital expenditure fell 3.9% in the June quarter 2015. By asset type, the trend estimate for buildings and structures fell 5.3% and equipment, plant and machinery fell 0.8%. The seasonally adjusted estimate for total new capital expenditure fell 4.0% in the June quarter 2015. Analysts were anticipating 2.2% decrease.
Estimate for July-August to the end of the period for total capital expenditure in 2014-15 is $150,579 million. This is 4.7% lower than same estimate for 2013-14. The main contributor to this decrease is Mining (-15.8%). Estimate for July-August to the end of the period is 0.5% higher than Estimate for April-May for 2014-15. The main contributor to this increase is Other Selected Industries (+4.0%).
Aussie is currently being traded few points above 0.71 handle. Pair is likely to find support around 0.7050 area and resistance above 0.7159 level. Later today, in the US session, Unemployment Claims and Prelim GDP figures are scheduled for a release.
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