Australia: Non-mining capex outlook to remain soft - ANZ

FXStreet (Bali) - According to ANZ Research Team, today's Australian capex survey will dominate the Asian session, with the focus on the non-mining capex outlook numbers which the Bank expects to remain soft.

Key Quotes

"The private capex survey will show firms’ actual expenditure for Q1 2015 but more importantly will provide an update to their investment expectations for 2015-16."

"The focus will be on the non-mining capex outlook numbers which we expect to remain soft. We expect a raw non-mining capex estimate of AUD56bn for 2015-16, implying a fall of roughly 4% for the year, a modest improvement from the (very disappointing) first estimate."

"Overall, we expect overall capex intentions of AUD117.5bn for 2015-16, implying a fall of 8% in total capex."

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