Tag Archives: Capex

capex carefully

Last week’s capex report was both keenly anticipated and the source of much confusion. It was keenly anticipated, as it’s broadly understood that Australia’s investment bulge will pass (at some point). It was the source of much confusion, as there … Continue reading

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Carving up Capex

The capex report is one of the more complex reports that the ABS releases – and also one of the more important for monetary policy. It is complex, because it contains three separate (but related) bits of information; it is … Continue reading

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RBA forecasts capex droop in 13-14

We do have a firm idea about RBA capex expectations for 13-14 — from the Kent speech. They are expecting a gradual decline in 2013-14. Say a headline number of 137.5b (nominal, first estimate). I think it must be materially … Continue reading

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How much Capex?

Today is the keenly awaited Q4’12 Capex report. The prior report showed an ongoing increase in current activity but signalled an approaching peak in mining investment. As a result of this (and doubtless liaison with the big investors) the RBA … Continue reading

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