5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Sep 2010 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/11/2010   
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SEPTEMBER KEY FIGURES

Sep Qtr 10
Jun Qtr 10 to Sep Qtr 10
Sep Qtr 09 to Sep Qtr 10
$m
% change
% change

Trend estimates(a)
Total new capital expenditure
28 061
1.5
3.3
Buildings and structures
14 842
7.3
14.5
Equipment, plant and machinery
13 161
-4.8
-8.4
Seasonally adjusted(a)
Total new capital expenditure
28 768
6.2
8.6
Buildings and structures
15 380
13.4
21.3
Equipment, plant and machinery
13 388
-1.1
-3.0

(a) In volume terms

New Capital Expenditure, in volume terms
Graph: Total asset, total industry



SEPTEMBER KEY POINTS


ACTUAL EXPENDITURE (VOLUME TERMS)
  • The trend volume estimate for total new capital expenditure rose 1.5% in the September quarter 2010 while the seasonally adjusted estimate rose 6.2%.
  • The trend volume estimate for buildings and structures rose 7.3% in the September quarter 2010 while the seasonally adjusted estimate rose 13.4%.
  • The trend volume estimate for equipment, plant and machinery fell 4.8% in the September quarter 2010 while the seasonally adjusted estimate fell 1.1%.


EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
  • This issue includes the fourth estimate (Estimate 4) for 2010-11.
  • Estimate 4 for 2010-11 is $123,941m. This is 19.5% higher than Estimate 4 for 2009-10. Estimate 4 is flat compared with Estimate 3 for 2010-11.
  • See pages 6 to 10 for further commentary on expectations data.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2010 24 February 2011
March 2011 26 May 2011
June 2011 25 August 2011
November 2011 24 November 2011



FEATURE ARTICLE

A feature article titled 'Mining capital expenditure in Australia' begins on page 11.


CHANGES IN THIS ISSUE
  • Each September quarter the reference and base year for chain volume estimates for the Survey of Private New Capital Expenditure are updated. A new base year, 2008-09, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2008-09. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of, but not the movements in, chain volume estimates.
  • As happens each year, a seasonal re-analysis has been undertaken based on estimates up to and including the June quarter 2010. No significant changes have occurred this re-analysis, resulting in only minor revisions to the seasonally adjusted estimates.
  • Commencing with the September quarter 2010, state specific deflators have been applied in the calculation of state volume estimates for capital expenditure for buildings and structures in place of a national deflator. This approach is consistent with National Accounts methodology and the treatment of the equipment asset type in capital expenditure statistics. This change has resulted in minor revisions to previously published volume estimates for building and structures capital expenditure by state. Total Australia series have not been affected.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Liz Bolzan-Aravena on Sydney (02) 9268 4508.