1345.4 - SA Stats, Feb 2008
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/02/2008
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PRIVATE NEW CAPITAL EXPENDITURE
Between the June 2007 and the September 2007 quarters, the South Australian chain volume (trend) estimate of private new capital expenditure decreased by 0.3% to $1,244m. Expenditure on Equipment, plant and machinery decreased by $21m (or 3.0%) to $679m, while expenditure on Buildings and structures increased by $17m (or 3.1%) to $565m. For the same period, private new capital expenditure for Australia increased by 1.2% to $20,406m, with both expenditure on Buildings and structures and Equipment, plant and machinery increasing (by 0.6% and 1.8% respectively).
Comparing the September 2007 quarter with the September 2006 quarter, South Australia's total private new capital expenditure increased by 7.0%. Expenditure on Equipment, plant and machinery decreased by 7.7% while expenditure on Buildings and structures grew by 32.0%.
PRIVATE NEW CAPITAL EXPENDITURE, Trend,
Chain volume measures, South Australia
Source: Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0)
MINERAL AND PETROLEUM EXPLORATION EXPENDITURE
The value of mineral exploration expenditure in South Australia in September 2007 quarter was $87.2m, up 3.7% from the June quarter 2007. From September 2006 to September 2007, the value of mineral exploration expenditure in South Australia has increased 70.6% from $51.1m to $87.2m. Over the same period, Australian expenditure on mineral exploration increased 42.8% from $394.6m in September 2006 to $563.4m in September 2007.
Of the $87.2m mineral exploration expenditure in South Australia in September 2007 quarter , $27.4m was for uranium exploration, $24.4m for copper and $14.6m was for gold.
The September 2007 quarter expenditure on petroleum exploration in South Australia ($52.7m) was 28.2% higher than in September quarter 2006 ($41.1m). Nationally, expenditure on petroleum exploration increased from $488.6m in the September quarter 2006 to $698.3m in the September 2007 quarter (an increase of 42.9%). In the September quarter 2007, 78.2% of all petroleum exploration expenditure in Australia was in Western Australia.
MINERAL AND PETROLEUM EXPLORATION EXPENDITURE,
Original, South Australia
Source: Mineral and Petroleum Exploration, Australia (cat. no. 8412.0)
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