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EXPERIMENTAL PROJECTED CAPITAL EXPENDITURE
BUILDINGS AND STRUCTURES
The actual trend for buildings and structures was essentially flat in the June quarter 2009, slightly above the projected trend. The projections for buildings and structures indicate a dip in expenditure in the September quarter, before a rise in the series to the end of the 2009-10 financial year. Expenditure expectations for 2009-10 rose strongly in the June quarter, with the increase being concentrated in Mining.
EQUIPMENT, PLANT AND MACHINERY
Projections of expenditure for equipment, plant and machinery indicate near term growth before a decline in the June half 2010. The actual trend in the June 2009 quarter tracked slightly below the series projection.
The Mining industry has delivered weakness in capital expenditure relative to the strong growth in the series since the start of 2005. The modelled projections imply that this series will hover around the $9 billion per quarter level through the next quarter but resume a strong growth trajectory as the 2009-10 financial year progresses.
The Manufacturing actual trend series was flat in the June quarter 2009. The model is projecting imminent weakness in the series before some recovery in expenditure from mid 2009-10. Expectations data collected in the June quarter survey for 2009-10 increased substantially compared to the expectations for 2009-10 collected in the March quarter survey.
OTHER SELECTED INDUSTRIES
The projected trend for the Other selected industries series suggests a flat period in quarterly expenditure in the financial year ahead.
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