PRIVATE NEW CAPITAL EXPENDITURE
DECEMBER KEY FIGURES, Western Australia |
|
 | Dec 2009 | Sep qtr 09 to Dec qtr 09 | Dec qtr 08 to Dec qtr 09 |
| $m | % change | % change |
Trend estimates(a) |
|
| Total new capital expenditure | 7 594 | -2.3 | -5.2 |
| Buildings & structures | 5 118 | -4.4 | -9.4 |
| Equipment, plant & machinery | 2 494 | 3.0 | 6.1 |
Seasonally adjusted estimates(a) |
|
| Total new capital expenditure | 7 467 | -2.6 | -10.5 |
| Buildings & structures | 4 937 | -6.7 | -17.9 |
| Equipment, plant & machinery | 2 530 | 6.3 | 8.8 |
|
| (a) In chain volume measures |
| Source: Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0). |
- In the September quarter 2009, several improvements to the sample frame and design of the Survey of Private New Capital Expenditure were introduced, including incorporation of the 2006 Australian and New Zealand Standard Industrial Classification (ANZSIC), (cat. no. 1292.0). The historic data series has been revised to align with the changes introduced last quarter.
- For further details refer to Changes to Private New Capital Expenditure and Expected Expenditure Statistics, September Quarter 2009 (cat. no. 5625.0.55.001).
- Total new capital expenditure for Western Australia fell in the December quarter (chain volume measures) by 2.3% (trend) and 2.6% (seasonally adjusted). This contrasted with national increases of 0.5% (trend) and 5.5% (seasonally adjusted).
- A large fall in the capital expenditure on building and structures in the December quarter (4.4% trend, 6.7% seasonally adjusted) was offset by a strong increase in capital expenditure on equipment, plant and machinery, recording growth of 3.0% in trend and 6.3% in seasonally adjusted terms.
- In trend terms, total expenditure in the December 2009 quarter was 5.2% lower than for the same quarter of the previous year, with the seasonally adjusted figure reporting a fall of 10.5%.
- Despite a 'flattening' trend in recent quarters, and a break in the trend series in March 2007 due to the privatisation of Telstra, total new capital expenditure in Western Australia quadrupled during the last decade.
PRIVATE NEW CAPITAL EXPENDITURE by Industry - Current Prices, Western Australia |
|
| Dec Qtr 09 | Sep Qtr 09 to Dec Qtr 09 | Dec Qtr 08 to Dec Qtr 09 |
| Original | $m | % change | % change |
|
| Mining | 5 408 | 6.0 | -19.4 |
| Manufacturing | 553 | 35.2 | 10.4 |
| Total(a) | 7 885 | 11.5 | -14.3 |
|
| (a) Includes other industries |
| Source: Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0). |
- Original data show that new capital expenditure on manufacturing recorded a strong growth of 35% in December 2009, after an 11% fall the previous quarter. The monthly movements are reflected by an increase of over 10% since December 2008.
- New capital expenditure on mining increased by 6% (original data) in the December 2009 quarter. However, it has fallen by almost 20% from the December 2008 quarter, when it recorded its highest value since the index began ($6.7 billion).
This link takes you to time series spreadsheets from Private New Capital Expenditure and Expected Expenditure, Australia, Dec 2009 (cat. no. 5625.0).
Tables 5B and 5C contain Actual Expenditure by Type of Asset and State, Chain volume measures (Seasonally Adjusted and Trend). Tables 10A and 10B contain Actual and Expected Capital Expenditure by Asset and Industry for Western Australia (Current Prices).
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