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5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Mar 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/05/2008   
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ACTUAL NEW CAPITAL EXPENDITURE IN VOLUME TERMS


TOTAL CAPITAL EXPENDITURE

In trend terms, total new capital expenditure rose 0.4%. This is the fourth consecutive rise since the trend break applied in March quarter 2007. In seasonally adjusted terms the series fell 2.5% for the March quarter 2008. Building and structures fell 0.8% while equipment fell 2.6%.

Graph: Total Capital Expenditure, CVM


BUILDINGS AND STRUCTURES

In trend terms the building and structures series rose 1.3% in the March quarter. Both Mining (3.5%) and Manufacturing (9.4%) increased while Other selected industries fell 2.8%. Buildings fell 0.8% in seasonally adjusted terms. Other selected industries fell 9.7% which was offset by a 3.7% rise in Mining and a rise of 16.6% in Manufacturing.

Graph: Building, CVM


EQUIPMENT, PLANT AND MACHINERY

In trend terms the equipment series decreased 0.2% this quarter. Manufacturing (1.4%) and Mining (2.8%) increased but this was offset by a fall in Other selected industries (-1.7%). The seasonally adjusted equipment series fell 2.6%. While Mining rose 4.7%, both Manufacturing (-6.4%) and Other selected industries (-3.7%) saw falls this quarter.

Graph: Equipment, Plant and Machinery, CVM


MINING

In trend terms the Mining series rose 3.5% in the March quarter 2008. Building and structures rose 3.5% and equipment rose 2.8%. The Mining seasonally adjusted series rose 4.0%. Both asset classes showed growth with building and structures rising 3.7% and equipment rising 4.7%.

Graph: Mining, CVM


MANUFACTURING

In trend terms the Manufacturing series rose 3.6% in the March quarter. Both asset classes increased this quarter, building rose 9.4% and equipment rose 1.4%. The seasonally adjusted series fell 0.6% this quarter. While the smaller asset type of building had a large increase of 16.6%, equipment fell 6.4% in the March quarter.

Graph: Manufacturing, CVM


OTHER SELECTED INDUSTRIES

In trend terms the Other selected industries series fell 2.3% in the March quarter. There were modest falls for both assets with building falling 2.8% and equipment 1.7%. Other selected industries has fallen in seasonally adjusted terms this quarter 6.4%. The decline was seen across asset types with both building (-9.7%) and equipment (-3.7%) falling.

Graph: Other Selected Industries, CVM


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