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Australian private new capital expenditure -4.4% vs. -2.4% forecast

Published 28/05/2015, 02:30
Australian private new capital expenditure -4.4% vs. -2.4% forecast
Investing.com - Australian private new capital expenditure fell more-than-expected in the last quarter, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian private new capital expenditure fell to a seasonally adjusted -4.4%, from -1.7% in the prior quarter whose figure was revised up from -2.2%.

Analysts had expected Australian private new capital expenditure to fall -2.4% in the last quarter.

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