Capex goes Crapex

Disappointing Capex numbers, with business investment down 0.2% in the December quarter and now down in trend terms for 3 straight quarters.
The slide in Capex is in line with the dip in the NAB business conditions indicator.
The expectations data for business investment for FY2025-26 are equally disappointing. The RBA is forecasting business investment to rise 2.7% through to June 2026 in real terms... the expectations data from the ABS points to a rise of just 1.8% in nominal terms.
There is downside to the RBA's forecasts (again).
The door has been kicked wide open for a 1 April rate cut. Will the RBA Board be smart enough to walk through it?

Видео Capex goes Crapex канала Stephen Koukoulas