Private Capital Expenditure declined by 0.2%

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Thursday, Mar 01 2018

Private Capital Expenditure declined by 0.2%

The trend volume estimate for total new capital expenditure rose by 0.8% in the December quarter 2017 while the seasonally adjusted estimate fell by 0.2%. The trend volume estimate for buildings and structures fell by 0.2% in the December quarter 2017 while the seasonally adjusted estimate fell by 2.1%. The trend volume estimate for equipment, plant and machinery rose by 2.1% in the December quarter 2017 while the seasonally adjusted estimate rose by 2.2%.

The CAPEX survey captures around 60% of total business investment, excluding spending from industries such as agriculture, health and education. So it captures some business expenditure, but not all business investment. Spending on buildings fell by 2.1% to $16.2 billion, partially offset by a 2.2% increase in investment on plant, machinery and equipment which rose to $13.4 billion.

More in this category: « Pending Home Sales declined by 4.7% Spanish Manufacturing PMI increased to 56.0 »

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