Q1 Capex: Mining drop off continues

26 May 2016

 

First quarter private capital expenditure figures have now been released by the ABS and the -5.2% quarter-on-quarter figure was worse than the 3.5% decline expected by economists. Year on year, capex was 15.4% lower, the result of business investment falling back after the mining investment spike of 2011/2012. 10 year bond yields initially fell before recovering slightly to finish the day 3bps lower at 2.245%. The AUD similarly was sold...

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