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

EUR/USD Jumps Past 1.14 on Trade Talks Hopes, ECB’s Hawkish Rhetoric

The EUR/USD pair surged beyond 1.1424; climbing over 0.27% as buoyant market sentiment and a …