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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Building Capital Expenditure QoQ climbed to 1.1% in Q3 2024
FMPMonthlyReleased November 2024
Australia Building Capital Expenditure QoQ climbed to 1.1% in Q3 2024, released November 2024, up 4.9% from June's -3.8% reading. The print exceeded the 0.8% consensus by 0.3%. The print is running well above the 12-month average of 0.35%. Building Capital Expenditure QoQ is now the highest in 6 months.
Latest Release
1.1
Actual
0.8
Consensus
-3.8
Previous
Median Absolute Error
±1.1 percentage points
across last 5 releases
Last Call
Nov 2024
Predicted: 0.8
Actual: 1.1
Error: -0.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Building Capital Expenditure QoQ (Australia) was reported at 1.1% in November 2024. This beat the market consensus of 0.8% by 0.3%. The reading rose from the previous value of -3.8%.
WHY IT MATTERS
The trailing three releases averaged -1.2%, down from the prior three at 1.9%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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Building Capital Expenditure QoQ - AU
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About Building Capital Expenditure QoQ — Australia
DEFINITION
Building Capital Expenditure QoQ (Quarter-over-Quarter) is a financial indicator that measures the change in the amount of money a company invests in building and construction projects from one quarter to the next. It provides valuable insights into a company's financial health and growth potential, as well as its commitment to expanding its physical infrastructure. This indicator is commonly used by investors and analysts to assess a company's capital allocation strategy and its ability to generate future revenue and profits.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2024): actual 1.1 %, consensus 0.8 %. Prior reading (Apr 2024): -3.8 %. Before that (Jan 2024): -0.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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