Private Capital Expenditure QoQ
Event Date: Thursday, November 26, 2020
Event Time: 00:30 CET
Updated Thursday, November 19, 2020
The private capital expenditure has been on a constant decline in Australia. It turned negative in Q1 of 2017 and since then we have only seen two positive quarters. The last two years have been totally negative, with investment falling evcery quarter, while in Q2 of 2020 the decline increased massively to -5.9% due to the coronavirus. Although, there's a strong case that we will see a rebound in Q3. Please follow us for live coverage of this event by experienced market analysts.
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About Private Capital Expenditure QoQ
Change in the total inflation-adjusted value of new capital expenditures made by private businesses. If the 'Actual' number is greater than the 'Forecast', it is positive for the AUD. It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.