Australian Bureau of Statistics
5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Jun 2008 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/08/2008
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EXPERIMENTAL PROJECTED CAPITAL EXPENDITURE
BUILDINGS AND STRUCTURES
The projections for the building asset class are very strong for the coming twelve months and are the main driver behind the strength displayed in the projection for total Capex. The projections anticipate an upturn in the pace of growth in the building series in the year ahead.
EQUIPMENT, PLANT AND MACHINERY
The progress of actual trend equipment in the June quarter are consistent with modelled projections. Projections indicate increasing strength in the series before a possible tapering in the series towards the end of the next financial year.
The Mining industry has grown to record high levels over the past five years and the modelled projections suggest that this growth will move beyond the $10,000m level by the end of the financial year.
The Manufacturing trend series has declined marginally in the June quarter. The model is projecting a slow rate of growth to a point only slightly above current actual trend by June quarter 2009.
OTHER SELECTED INDUSTRIES
The Other selected industries series has grown marginally in actual trend terms in the June quarter. Despite only slight upwards movement since June 2007, the recent lift in expectations mean the projections moving forward remain extremely strong.
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This page last updated 26 November 2008