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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Private Capital Expenditure QoQ climbed to 1.1% in Q3 2024
FMPMonthlyReleased November 2024
Australia Private Capital Expenditure QoQ climbed to 1.1% in Q3 2024, released November 2024, up 3.3% from June's -2.2% reading. The print exceeded the 0.9% consensus by 0.2%. The print is running well above the 12-month average of 0.44%. Private Capital Expenditure QoQ is now the highest in 12 months.
Latest Release
1.1
Actual
0.9
Consensus
-2.2
Previous
Median Absolute Error
±1.55 percentage points
across last 12 releases
Last Call
Nov 2024
Predicted: 0.9
Actual: 1.1
Error: -0.2
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
Private Capital Expenditure QoQ (Australia) was reported at 1.1% in November 2024. This beat the market consensus of 0.9% by 0.2%. The reading rose from the previous value of -2.2%.
WHY IT MATTERS
The trailing three releases averaged -0.03%, down from the prior three at 1.4%.
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 1.55%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Jun 18) and Full Time Employment Chg (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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Private Capital Expenditure QoQ - AU
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About Private Capital Expenditure QoQ — Australia
DEFINITION
Private Capital Expenditure QoQ (Quarter over Quarter) is a financial indicator that measures the change in the amount of money invested by private businesses in fixed assets, such as buildings, equipment, and machinery, during a specific quarter compared to the previous quarter. This indicator provides valuable insights into the level of confidence and investment activity in the private sector, which can have a significant impact on economic growth and overall market performance. It is often used by investors, analysts, and policymakers to assess the health of the economy and make informed decisions.
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 0.9 %. Prior reading (Apr 2024): -2.2 %. Before that (Jan 2024): 1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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.