ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE
FINANCIAL YEARS AT CURRENT PRICES
The graphs below show the seven estimates of actual and expected expenditure for each financial year. The estimates appearing below relate to data contained in tables 5 and 6. Advice about the application of realisation ratios to these estimates is in paragraphs 25 to 28 of the Explanatory Notes.
The timing and construction of these estimates are as follows:
TOTAL CAPITAL EXPENDITURE
Estimate 6 for total capital expenditure for 2008-09 is $99,259 million. This is 13.2% higher than Estimate 6 for 2007-08. Estimate 6 is 0.5% lower than Estimate 5 for 2008-09.
Estimate 2 for total capital expenditure for 2009-10 is $76,925 million. This is 11.7% lower than Estimate 2 for 2008-09. The key contributors to this decline have been Other services (-28.2%), Property and Business Services (-26.0%) and Mining (-6.1%). Estimate 2 is 4.5% lower than Estimate 1 for 2009-10. For Mining, Estimate 2 is 6.4% lower and for Manufacturing, Estimate 2 is 8.9% lower than Estimate 1. These industries account for 89.5% of the change between these estimates.
BUILDINGS AND STRUCTURES
Estimate 6 for buildings and structures for 2008-09 is $50,868 million which is 19.9% higher than Estimate 6 for buildings and structures for 2007-08. Transport (92.4%) and Mining (25.5%) rose strongly in the year between these estimates. Estimate 6 is 5.8% lower than Estimate 5 for 2008-09. Estimate 6 for Mining buildings and structures is $3,167 million lower than Estimate 5 compared to a total change of -$3,153 million.
Estimate 2 for buildings and structures for 2009-10 is $41,959 million. This is 10.3% lower than Estimate 2 for 2008-09. The weakness between these estimates is concentrated in the Communications component of Other services (-27.6%), Mining (-7.2%) and Property and Business Services (-35.4%). By contrast, Estimate 2 for Transport buildings and structures is 68.4% higher than Estimate 2 for the previous year. Estimate 2 for buildings and structures is 6.3% lower than Estimate 1 for 2009-10. Mining (-8.3%) and Property and Business Services (-33.6%) were the main contributors to weakness between these estimates.
EQUIPMENT, PLANT AND MACHINERY
Estimate 6 for equipment, plant and machinery for 2008-09 is $48,391 million. This is 7.0% higher than the same estimate for 2007-08. Transport (36.1%) and Mining (16.4%) were the major contributors to this increase. Estimate 6 for equipment, plant and machinery is 5.8% higher than Estimate 5 for 2008-09. Transport (9.5%), Construction (33.4%) and Property and Business Services (10.1%) rose most significantly between these estimates.
Estimate 2 for equipment, plant and machinery for 2009-10 is $34,966 million. This is 13.3% lower than the same estimate in the previous year. Weakness in Transport (-23.5%), Property and Business Services (-20.8%) and Other services (-29.6%) have contributed most to this decline between estimates. Estimate 2 is 2.3% lower than Estimate 1 for 2009-10. Transport (-22.7%) has been the main contributor to this decline.
MINING
Estimate 6 for Mining for 2008-09 is $35,915 million. This is 23.1% higher than Estimate 6 for the previous year. Equipment, plant and machinery rose 16.4% and buildings and structures rose 25.5%. Estimate 6 fell 8.7% from Estimate 5 for 2008-09. Both buildings and structures (-10.5%) and equipment, plant and machinery (-2.6%) were weaker.
Estimate 2 for Mining for 2009-10 is $32,102 million. This is 6.1% lower than Estimate 2 for 2008-09. Estimate 2 for equipment, plant and machinery is 2.7% lower and buildings and structures 7.2% lower than Estimate 2 for 2008-09. Estimate 2 is 6.4% lower than Estimate 1 for 2009-10. Most (98.6%) of this fall was in buildings and structures.
MANUFACTURING
Estimate 6 for Manufacturing for 2008-09 is $13,474 million. This is virtually unchanged from the corresponding estimate for 2007-08. Estimate 6 for Manufacturing 2008-09 rose 1.6% on Estimate 5 for 2008-09. Equipment, plant and machinery rose 6.5% between these estimates while the smaller buildings and structures asset type fell 7.8%.
Estimate 2 for Manufacturing for 2009-10 is $10,722 million. This is 5.9% lower than Estimate 2 for 2008-09. The buildings and structures asset type rose 5.3% in this period while equipment, plant and machinery fell 11.7%. Estimate 2 is 8.9% lower than Estimate 1 for 2009-10. Both asset classes are lower since Estimate 1 with equipment, plant and machinery down 6.2% and buildings and structures down 13.0%.
OTHER SELECTED INDUSTRIES
Estimate 6 for Other selected industries for 2008-09 is $49,870 million. This is 10.7% higher than Estimate 6 for 2007-08. Transport (51.7%) is largely contributing to this increase. Estimate 6 is 5.7% higher than Estimate 5 for 2008-09. Property and Business Services (10.5%), Transport (6.7%) and Construction (28.5%) are the key contributors to this change. By asset type, equipment, plant and machinery rose 8.4% while buildings and structures rose 1.9%.
Estimate 2 for 2009-10 is $34,101 million which is 17.9% lower than the previous Estimate 2. Buildings and structures is 18.7% lower and equipment, plant and machinery 17.3% lower than Estimate 2 for 2008-09. Estimate 2 is 1.1% lower than Estimate 1 for 2009-10. Transport (-13.3%) fell while Other services (18.2%) rose significantly.
Follow us on...
Like us on Facebook Follow us on Twitter Follow us on Instagram ABS RSS feed Subscribe to ABS updates