Private Capital Expenditure up by 0.8%

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Thursday, Aug 31 2017

Private Capital Expenditure up by 0.8%

The trend volume estimate for total new capital expenditure rose 0.6% in the June quarter 2017 while the seasonally adjusted estimate rose by 0.8%. The trend volume estimate for buildings and structures rose by 0.3% in the June quarter 2017 while the seasonally adjusted estimate fell by 0.6%. The trend volume estimate for equipment, plant and machinery rose by 1.1% in the June quarter 2017 while the seasonally adjusted estimate rose by 2.7%.

Separate report on China's Manufacturing PMI showed that manufacturing purchasing managers index increased to 51.7 in August, compared with the 51.3 forecast in a Bloomberg survey of economists, and the 51.4 reading in July. The non-manufacturing PMI slipped to 53.4 compared with 54.5 in July. The unexpected jump, after an across-the-board cooling in July, highlighted stronger momentum on the factory floor as the government’s effort to curb overcapacity in industry pushed raw material prices higher. The challenge ahead for policy makers is to balance preserving the pace of growth with slowing the pace of credit expansion.

More in this category: « ADP report showed rise by 237,000 jobs Eurozone CPI increased to 1.5% »

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