Private capex intentions will upset the RBA

David Llewellyn-Smith

Thursday 23 February 2023

Private capex intentions are out and will not please the RBA:

Estimate 5 for 2022-23 is $158.7b
This is 2.2% higher than Estimate 4 for 2022-23
Estimate 1 for 2023-24 is $129.7b
This is 11.1% higher than Estimate 1 for 2022-23

FY23 is still very strong and so is the first estimate for FY24:

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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.