As table 19.17 shows, new capital expenditure by private sector businesses in the manufacturing industry declined (by 13.3%) between 1999-2000 and 2000-01 following an increase of 2.6% between 1998-99 and 1999-2000. Three of the nine manufacturing subdivisions experienced an increase in new capital expenditure in 2000-01. The rises were for Textile, clothing, footwear and leather manufacturing (by 18.9% from a low base), Machinery and equipment manufacturing (by 11.6%), and Non-metallic mineral product manufacturing (by 9.2%). The largest percentage falls were for Wood and paper product manufacturing (by 41.1%), Metal product manufacturing (by 25.8%), and Petroleum, coal, chemical and associated product manufacturing (by 23.4%).
Comparing private new capital expenditure levels in 2000-01 with those of two years earlier shows lower levels in seven of the nine manufacturing subdivisions. The largest decreases were in Metal product manufacturing (by 43.4%), Wood and paper product manufacturing (by 26.1%), and Printing, publishing and recorded media (by 15.6%). The only increases were for Machinery and equipment manufacturing (by 27.5%) and Non-metallic mineral product manufacturing (by 2.4%).
19.17 PRIVATE NEW CAPITAL EXPENDITURE, Current prices(a)
|Food, beverage and tobacco manufacturing|
|Textile, clothing, footwear and leather manufacturing|
|Wood and paper product manufacturing|
|Printing, publishing and recorded media|
|Petroleum, coal, chemical and associated product manufacturing|
|Non-metallic mineral product manufacturing|
|Metal product manufacturing|
|Machinery and equipment manufacturing|
|(a) The annual estimates are the sum of the four quarters' estimates in the year.|
Source: Private New Capital Expenditure and Expected Expenditure, Australia (5625.0).