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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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MARCH KEY FIGURES


Mar Qtr 08
Dec Qtr 07 to Mar Qtr 08
Mar Qtr 07 to Mar Qtr 08
$m
% change
% change

Trend estimates(a)
Total new capital expenditure
20 648
0.4
5.5
Buildings & structures
8 986
1.3
7.6
Equipment, plant & machinery
11 680
-0.2
4.0
Seasonally adjusted(a)
Total new capital expenditure
20 559
-2.5
4.6
Buildings & structures
9 031
-0.8
6.5
Equipment, plant & machinery
11 579
-2.6
2.6

(a) In volume terms.



New Capital Expenditure, in volume terms
Graph: New Capital Expenditure in Volume Terms



MARCH KEY POINTS


ACTUAL EXPENDITURE (VOLUME TERMS)
  • The trend estimate for total new capital expenditure (in volume terms) rose 0.4% in the March quarter 2008 while the seasonally adjusted estimate fell 2.5%.
  • The equipment, plant and machinery trend volume estimate fell 0.2% in the March quarter 2008. In seasonally adjusted terms the estimate fell 2.6%.
  • The trend estimate for buildings and structures rose 1.3% this quarter while the seasonally adjusted estimate fell 0.8%.


EXPECTED EXPENDITURE (CURRENT TERMS)
  • This issue includes the sixth estimate for 2007-08 and the second estimate for 2008-09.
  • The sixth estimate for 2007-08 is $87,007m. This is 11.1% higher than the sixth estimate for 2006-07. Estimate 6 is 1.3% higher than the fifth estimate for 2007-08.
  • The second estimate for 2008-09 is 19.5% higher than the second estimate of 2007-08 at $84,835m. Estimate 2 is 6.9% higher than the first estimate for 2008-09.
  • See pages 6 to 9 for further commentary on expectations data.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2008 28 August 2008
September 2008 27 November 2008



REVISIONS IN THIS ISSUE

The December quarter 2007 building and structures estimate has been revised upwards $452 million or 4.3% in original terms. This was largely the result of an unusually high incidence of actual data replacing previously imputed data. There were also occurrences of incorrectly provided December data being adjusted which contributed to the size of the revisions. The impact of these revisions were primarily seen across Property and business services and Other services.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Scott Johnston on Sydney (02) 9268 4357.

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