Aussie capex expectations sink

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Via the ABS:

Total capital expenditure

  • Estimate 6 for 2019-20 is $115,434m. This is -3.8% lower than Estimate 5 for 2019-20.
  • Estimate 2 for 2020-21 is $90,891m. This is -8.8% lower than Estimate 1 for 2020-21.
skyline graph for total capex

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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.