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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Capital Expenditure QoQ fell to -3.8% in Q1 2026
FMPMonthlyReleased May 2026
Australia Capital Expenditure QoQ fell to -3.8% in Q1 2026, released May 2026, down 6.3% from December's 2.5% reading. The reading missed the 1.9% consensus by 5.7%. Capital Expenditure QoQ has now declined for 3 consecutive months. Capital Expenditure QoQ is now the lowest in 15 months.
Latest Release
-3.8
Actual
1.9
Consensus
2.5
Previous
Median Absolute Error
±1.6 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.9
Actual: -3.8
Error: +5.7
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 QoQ (Australia) was reported at -3.8% in May 2026. This missed the market consensus of 1.9% by 5.7%. The reading fell from the previous value of 2.5%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 2.7%, up from the prior three at -0.23%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 1.6%.
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 QoQ - AU
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About Capital Expenditure QoQ — Australia
DEFINITION
Capital Expenditure QoQ (Quarter over Quarter) is a financial indicator that measures the change in a company's investments in long-term assets from one quarter to the next. This includes expenditures on property, equipment, and other fixed assets that are essential for the company's operations and growth. By tracking the QoQ changes in capital expenditure, investors and analysts can gain insights into a company's financial health and its future growth potential. This indicator is often used to evaluate a company's capital allocation strategy and its ability to generate long-term returns for shareholders.
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 %, consensus 1.9 %. Prior reading (Oct 2025): 0.4 %. 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.