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Private Capital Expenditure decreased by 4.0%

Thursday, Dec 01 2016
Private Capital Expenditure decreased by 4.0%

The trend volume estimate for total new capital expenditure fell by 4.9% in the September quarter 2016 while the seasonally adjusted estimate fell by 4.0%. The trend volume estimate for buildings and structures fell by 8.5% in the September quarter 2016 while the seasonally adjusted estimate fell by 5.7%. The trend volume estimate for equipment, plant and machinery rose by 1.0% in the September quarter 2016 while the seasonally adjusted estimate fell by 1.9%.

Separate report showed that China’s economy expanded at a faster rate in November, with manufacturing activity reaching multi-year highs and services growth showing no signs of relenting. Beijing’s official manufacturing purchasing managers’ index (PMI) rose to 51.7 in November, following a reading of 51.2 the previous month. The November reading was the highest since mid-2014.The official manufacturing PMI captures business trends at large and state-owned companies, contrasting with another closely followed report from Caixin that looks at small- and medium-sized enterprises (SMEs).

 

Aussie is currently being traded around 0.74 handle. Pair is likely to find support around 0.7380 level and resistance above 0.7450 area.

More in this category: « Number of employed rose by 216,000, ADP report shows Spanish Manufacturing PMI rose more than expected »

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