Australia capital expenditures for Q2 -2.2% versus 1.0% expected

• Prior quarter 1.0%
• Australia’s capital expenditures for Q2 -2.2% versus 1.0% estimate. That equaled the largest decline since a similar fall in Q3 2021.
• Building capital expenditures -3.8 versus -0.9% last quarter
• Plant/machinery capital expenditures -0.5% versus +3.3% last quarter

weaker than expected data

This article was written by Greg Michalowski at www.forexlive.com.