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

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

Adel 26 November, 2020 10:39 am Market Update

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.

Tags

Check Also

Gold Jumps Above $4,100 After Weak US Jobs Report Fuels Fed Rate Cut Hopes

The disappointing US payrolls data sends the dollar lower and boosts safe-haven demand. Gold rallied …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends