Australia Private Capital Expenditure rises to 4% in 2Q from -4.1%

Private Capital Expenditure in Australia for the second quarter came at 4% vs 0.2% exp and -4.7% prior. The 3rd estimate for 2013/14 capex spending stands therefore at $A 159.2bn vs previous estimate (the second) for $156.5bn vs forecasts for the third estimate of $159.8bn. The Seasonally adjusted(a) capex in buildings and structures came at +7.1% while equipment, plant and machinery, a GDP input, stood at -1.2% vs -0.5% exp.