Private capex is out for the March QTR and is not so good:
- This issue includes the sixth estimate (Estimate 6) for 2017-18 and the second estimate (Estimate 2) for 2018-19.
- Estimate 6 for 2017-18 is $117,501m. This is 3.8% higher than Estimate 6 for 2016-17. Estimate 6 is 2.8% higher than Estimate 5 for 2017-18.
- Estimate 2 for 2018-19 is $87,740m. This is 1.4% higher than Estimate 2 for 2017-18. Estimate 2 is 5.7% higher than Estimate 1 for 2018-19.
The key is Estimate 2 for 2018/19 which has faded nastily since Estimate 1:
Advertisement