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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Plant Machinery Capital Expenditure QoQ climbed to 1.1% in Q3 2024
FMPMonthlyReleased November 2024
Australia Plant Machinery Capital Expenditure QoQ climbed to 1.1% in Q3 2024, released November 2024, up 2.1% from June's -1.0% reading. The print exceeded the 0.4% consensus by 0.7%. The print is running well above the 12-month average of 0.58%.
Latest Release
1.1
Actual
0.4
Consensus
-1
Previous
Median Absolute Error
±0.5 percentage points
across last 6 releases
Last Call
Nov 2024
Predicted: 0.4
Actual: 1.1
Error: -0.7
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
Plant Machinery Capital Expenditure QoQ (Australia) was reported at 1.1% in November 2024. This beat the market consensus of 0.4% by 0.7%. The reading rose from the previous value of -1%.
WHY IT MATTERS
The trailing three releases averaged 1.3%, up from the prior three at 0.77%.
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 6 releases, the Sigmacast model's median absolute error is 0.5%.
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 November 2024.
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Plant Machinery Capital Expenditure QoQ - AU
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About Plant Machinery Capital Expenditure QoQ — Australia
DEFINITION
Plant Machinery Capital Expenditure QoQ is a financial indicator that measures the change in capital expenditures for plant and machinery on a quarterly basis. This metric is used by businesses and investors to track the level of investment in fixed assets, which can provide insights into the company's growth and future prospects. A positive QoQ growth in plant machinery capital expenditure indicates that the company is investing in new equipment and facilities, potentially leading to increased production and revenue. On the other hand, a decline in this indicator may suggest a slowdown in business activity. Overall, Plant Machinery Capital Expenditure QoQ is a valuable tool for evaluating a company's financial health and forecasting its future performance.
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 0.4 %. Prior reading (Apr 2024): -0.5 %. Before that (Jan 2024): 3.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.