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capex carefully
Last week’s capex report was both keenly anticipated and the source of much confusion. It was keenly anticipated, as it’s broadly understood that Australia’s investment bulge will pass (at some point)....
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How much Capex?
Today is the keenly awaited Q4’12 Capex report. The prior report showed an ongoing increase in current activity but signalled an approaching peak in mining investment. As a result of this (and...
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RBA forecasts capex droop in 13-14
We do have a firm idea about RBA capex expectations for 13-14 — from the Kent speech. They are expecting a gradual decline in 2013-14. Say a headline number of 137.5b (nominal, first estimate). I think...
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Carving up Capex
The capex report is one of the more complex reports that the ABS releases – and also one of the more important for monetary policy. It is complex, because it contains three separate (but related) bits...
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Q2 GDP tracking update: ~40bps sub RBA
The Q2 Capex report was stronger than expected (+4.4%qoq v. mkt +2.6%), however it doesn’t change the Q2 GDP story much: GDP is still tracking ~0.4%qoq (but due to the magic of rounding is now 40bps...
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