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ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE
TOTAL CAPITAL EXPENDITURE
Estimate 4 for 2007-08 is $83,834 million. This is an increase of 20.1% from the Estimate 4 for 2006-07. The building asset class was the main driver for this growth rising 34.2%. Equipment rose 8.0% between these two estimates. Mining (38.0%) and Other selected industries (19.2%) showed strong growth between these estimates while Manufacturing (-6.1%) fell. There has been a 6.0% rise between Estimate 4 and Estimate 3 of 2007-08. Both asset classes increased with equipment rising by 8.3% and building by 4.0%. All publication industries have forecast increased expenditure between these two estimates.
BUILDING AND STRUCTURES
Estimate 4 for 2007-08 at $43,249 million has risen by 34.2% when compared to Estimate 4 for 2006-07. Mining (40.9%) and Other selected industries (40.5%) showed strong growth between these estimates while Manufacturing fell by 10.0%. Estimate 4 has risen by 4.0% when compared to Estimate 3 of 2007-08. Mining, Manufacturing and Other selected industries have all risen between these two estimates.
EQUIPMENT, PLANT AND MACHINERY
Estimate 4 is 8.0% higher in 2007-08 than it was in the previous year at $40,585 million. Mining (29.5%) is the major driver for this increase between the financial years. Estimate 4 is 8.3% higher than Estimate 3 of 2007-08. Most of this growth has come through Other selected industries which rose by 13.4%.
Estimate 4 for 2007-08 is at $28,782 million which is 38.0% higher than Estimate 4 of the previous year. Both asset classes have been strong in this period with equipment increasing by 29.5% and building by 40.9%. Estimate 4 has shown a moderate rise 1.2% when compared to Estimate 3 of 2007-08. With both equipment (2.0%) and, building (0.9%) achieving small rises between these estimates.
The fourth estimate of 2007-08 at $12,275 million is 6.1% lower than the corresponding estimate in 2006-07. Both asset classes have fallen between these two estimates (equipment -4.2% and building -10.0%). The growth that has been seen in the first three estimates of 2007-08 has continued with Estimate 4 being 5.7% greater than Estimate 3 of 2007-08. Equipment fell by 0.1% but this was more than countered by a healthy rise in the building asset class of 21.3%.
OTHER SELECTED INDUSTRIES
Estimate 4 for 2007-08 of $42,777 million is 19.2% greater than Estimate 4 of 2006-07. In asset terms the Building class has grown by 40.5% and equipment by 7.7%. Estimate 4 is 9.7% greater than Estimate 3 of 2007-08. All industries within this classification rose between these two estimates with the greatest contribution coming from Property and business services and Construction. Both asset classes grew between these estimates with equipment the larger contributor rising 13.4% compared to the building asset increasing by 4.8%.
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