Investing.com - Australian private new capital expenditure rose more-than-expected in the first quarter of 2011, official data showed on Thursday.
In a report, Australian Bureau of Statistics said that Australian private new capital expenditure rose by a seasonally adjusted 3.4%, from 1.5% in the preceding quarter, whose figure was revised up from 1.3%.
Analysts had expected Australian private new capital expenditure to rise 2.8% in the first quarter.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD gaining 0.57% to hit 1.0594.
In a report, Australian Bureau of Statistics said that Australian private new capital expenditure rose by a seasonally adjusted 3.4%, from 1.5% in the preceding quarter, whose figure was revised up from 1.3%.
Analysts had expected Australian private new capital expenditure to rise 2.8% in the first quarter.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD gaining 0.57% to hit 1.0594.