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ACTUAL NEW CAPITAL EXPENDITURE IN VOLUME TERMS
BUILDINGS AND STRUCTURES
The buildings and structures trend estimate has fallen by 1.2% in the December quarter 2007. In seasonally adjusted terms the series has risen 5.1% this quarter from an upwardly revised September quarter. All major industry groups rose in seasonally adjusted terms in the December quarter with Other selected industries (7.1%) displaying the strongest growth followed by Mining (4.2%) and Manufacturing (1.5%).
EQUIPMENT, PLANT AND MACHINERY
The trend estimate for equipment, plant and machinery has risen by 1.3% in the December quarter 2007. The seasonally adjusted series has risen by 3.8% for this quarter following a fall in September. Manufacturing was very strong rising by 11.3% as was Mining which moved upwards by 9.1%. There was a small rise in Other selected industries (0.8%).
The trend estimate for Mining has risen 1.7% this quarter reaching $5.9 billion. Both asset classes rose in trend terms with equipment climbing by 3.2% and building by 0.8%. In seasonally adjusted terms the series rose by 5.6% for the quarter. Equipment had a strong increase of 9.1% to be at a series high while the larger asset class of building and structures (4.2%) also increased in the December quarter.
The Manufacturing trend estimate rose by 4.2% in the December quarter. Both asset types rose, building by 2.7% and equipment by 4.3%. In seasonally adjusted terms, the estimate rose by 8.7% from an upwardly revised September quarter. Building rose by 1.5% while equipment rose by 11.3%.
OTHER SELECTED INDUSTRIES
The trend estimate for Other selected industries has fallen in the December quarter by 1.5%. Both asset classes fell in this period with building and structures decreasing by 4.1% and equipment by 0.3%. The seasonally adjusted estimate for Other selected industries has risen by 3.8% in the December quarter. This rise comes after a large fall in the September quarter of 10.3%. In terms of asset classes, equipment rose by 0.8% and buildings increased by 7.1%.
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