Home / Market Update / Australia’s Private Capex Misses Estimates With -3% in Q3

Australia’s Private Capex Misses Estimates With -3% in Q3

Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday.

Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.

Check Also

U.S. Stock Futures Dip Amid Caution Over Trade Deal and Middle East Tensions

U.S. stock index futures fell on Thursday as investors adopted a cautious stance following the …