Australia Q2 new CAPEX beats at -5.9% vs -8.4% expected

• - AUSTRALIA Q2 NEW CAPITAL EXPENDITURE -5.9 PCT QTR/QTR S/ADJ (REUTERS POLL -8.4 PCT)
• 26-Aug-2020 19:30:01 - AUSTRALIA Q2 BUILDING CAPEX -4.4 PCT Q/Q, S/ADJ
• 26-Aug-2020 19:30:01 - AUSTRALIA Q2 PLANT/MACHINERY CAPEX -7.6 PCT Q/Q, S/ADJ

Description of the Private Capital Expenditure

The Private Capital Expenditure released by the Australian Bureau of Statistics measures current and future capital expenditure intentions of the private sector. It is considered as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).