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

European Stocks Rise Amid Trade Optimism and Caution Ahead of U.S. Jobs Report

European stocks gained on Thursday, continuing the positive momentum from Wall Street, though caution persisted …