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AUD review

Monday, February 23, 2015 6:16 AM UTC

Quotes from RBC Capital Markets:

-AUD: Q4 CAPEX is out on Thursday. The quarterly read on actual work done is likely to show a decline for Q4 (RBC: -3%) given the mature stage of many large resource projects. As ever, the more interesting components will be the estimates of plans for the coming 18 months.

-We expect these not only to show steeper falls in resource sector investment than the previous survey but also to confirm that the non-mining sector remains reluctant to expand.

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AUD review

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