Private capex preview

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Today is the release of the ABS quarterly private capex numbers. As unreliable as this survey is it remains the most important guide to monetary policy movements that we have as the mining capex cliff vies with business investment in other sectors.

Here is the Westpac preview.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.