Private New Capital Expenditure And Expected Expenditure
Australian Bureau of Statistics | Aug 30, 2018 12:12
- The trend volume estimate for total new capital expenditure fell by 0.6% in the June quarter 2018 while the seasonally adjusted estimate fell by 2.5%.
- The trend volume estimate for buildings and structures fell by 2.1% in the June quarter 2018 while the seasonally adjusted estimate fell by 3.9%.
- The trend volume estimate for equipment, plant and machinery rose by 1.3% in the June quarter 2018 while the seasonally adjusted estimate fell by 0.9%.
- This issue includes the seventh estimate (Estimate 7) for 2017-18 and the third estimate (Estimate 3) for 2018-19.
- Estimate 7 for 2017-18 is $118,927m. This is 4.0% higher than Estimate 7 for 2016-17. Estimate 7 is 1.0% higher than Estimate 6 for 2017-18.
- Estimate 3 for 2018-19 is $101,997m. This is 1.1% lower than Estimate 3 for 2017-18. Estimate 3 is 16.1% higher than Estimate 2 for 2018-19.
- See pages 7-10 for further commentary on expectations data.
From this issue (June quarter 2018), this publication will include experimental estimates of capital expenditure for the Education and Training and Health Care and Social Assistance industries. Data from these industries have been collected over the past several quarters through the Survey of New Capital Expenditure. The June quarter publication presents quarterly data from September 2017 up to and including the June quarter 2018. This new series will be ongoing and will be presented in current price original data until there are sufficient observations to produce seasonally adjusted and trend estimates.
h2 DATA NOTES/h2Mining projects tend to be complex in structure and comprise a number of different investment activities including exploration, engineering construction, plant and equipment and buildings. A feature article released in the March 2012 issue of Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0) provides a summary of the conceptual basis of the relevant ABS publications that measure investment in Australia, using a hypothetical mining project to illustrate how this investment is reflected in ABS data.
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