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Australian private new capital expenditure 0.2% vs. -1.7% forecast

Published 27/11/2014, 00:30
Australian private new capital expenditure 0.2% vs. -1.7% forecast
Investing.com - Australian private new capital expenditure rose unexpectedly in the last quarter, official data showed on Thursday.

In a report, Australian Bureau of Statistics said that Australian private new capital expenditure rose to a seasonally adjusted 0.2%, from 1.6% in the prior quarter whose figure was revised up from 1.1%.

Analysts had expected Australian private new capital expenditure to fall -1.7% in the last quarter.

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