Australian Q1 capex is due at the bottom of the hour – a slowing seen

A brief extract from Westpac’s preview:

• growth in capex is expected to moderate, to slow but remain elevated, given the slowdown
  in consumer spending and business conditions ease from its highs
• an increase in the March
  quarter is expected to come from equipment. Capital imports of machinery and
  equipment have grown strongly over the quarter as global supply
  chains improve and the prices of capital goods ease.

This article was written by Eamonn Sheridan at www.forexlive.com.