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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Private Capital Expenditure QoQ climbed to 1.1 in July 2024
FMPMonthlyReleased November 2024
Australia Private Capital Expenditure QoQ climbed to 1.1 in July 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 November 2024 reading rose from the previous value of -2.2. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.55. Historically, this indicator is positively correlated with AUD/USD (Bullish AUD) and positively correlated with AUD/JPY (Bullish AUD).
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Private Capital Expenditure QoQ - AU
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