CS: Australian GDP is weakening

Friday, 2 March 2018

More today from the excellent Damien Boey at Credit Suisse:

Slightly disappointing capex numbers for 4Q

Business capex came in slightly below expectations, falling by 0.2% in 4Q. However, there were upward revisions to prior quarters’ data.

Compositionally, building and structures investment weakened, while equipment, plant and machinery investment strengthened. By industry, mining investment fell, while manufacturing investment increased.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.