Private Capital Expenditure Q/Q

/Private Capital Expenditure Q/Q

august, 2019

29aug1:30 am1:30 amPrivate Capital Expenditure Q/QIMPACT: AUDUSD & AUD CROSSES1:30 am - 1:30 am UTC Event Type :Medium ImpactTill the Data is Released!

Event Details

What is this event?

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.

Measures

Change in the total inflation-adjusted value of new capital expenditures made by private businesses.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for the currency.

Frequency of event

Released quarterly, about 55 days after the quarter ends.

Source of Data

Australian Bureau of Statistics (latest release)

Time

(Thursday) 1:30 am - 1:30 am

Australia - Flag - Economic Data

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