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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Capital Expenditure MoM fell to -3.8% in May 2026
FMPMonthlyReleased May 2026
Australia Capital Expenditure MoM fell to -3.8% in May 2026, down 6.3% from April's 2.5% reading.
Latest Release
-3.800000
Actual
—
Consensus
2.500000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Capital Expenditure MoM (Australia) was reported at -3.8% in May 2026. The reading fell from the previous value of 2.5%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 0.2%, down from the prior three at 0.43%.
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).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Capital Expenditure MoM - AU
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About Capital Expenditure MoM — Australia
DEFINITION
Australia's Capital Expenditure MoM fell by -3.800000% in May, reversing April's 2.500000% gain. This sharp contraction signals a pullback in business investment after two months of expansion. Market focus will shift to upcoming economic data and central bank commentary for further guidance. Updated 5/28/26
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 (Jan 2026): actual -3.8 %. Prior reading (Oct 2025): 2.3 %. Before that (Jul 2025): 2.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend 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.