Australian Economy

Capex expectations better than feared

David Llewellyn-Smith
Thursday, 30 May 2019
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The ABS has released private capex expectations for the March QTR and the news is decent:

Estimate 2 for total capital expenditure for 2019-20 is $99,139m. This is 12.8% higher than Estimate 2 for 2018-19. The main contributor to the increase was Mining (21.0%). Estimate 2 is 7.6% higher than Estimate 1 for 2019-20. The main contributor to this increase is Other Selected Industries (7.8%).

MINING

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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.