Forex

Australia capital spending for Q2 -2.2% versus 1.0% assumed

.Previous fourth 1.0% Australia's capital spending for Q2 -2.2% versus 1.0% estimate. That amounted to the largest downtrend given that a comparable fall in Q3 2021. Building capital spending -3.8 versus -0.9% final quarterPlant/machinery capital expenditures -0.5% versus +3.3% final quarterweaker than assumed data.This write-up was composed through Greg Michalowski at www.forexlive.com.