GROSS FIXED CAPITAL FORMATION AND CAPITAL EXPENDITURE
Gross fixed capital formation (GFCF) by the Total selected industries increased by 11% between 2004-05 and 2005-06, rising by $9b to $89b. Of this increase, $5b was attributable to Mining and $3b to Manufacturing.
An increase of $13b (or 10%) in capital expenditure at the Total selected Industries level was moderated by an increase of $3b (or 9%) in the value of disposals of assets to produce a $10b increase (11%) in net capital expenditure for the year.
Over half the total value of capital expenditure in 2005-06 occurred in three industries: Property and business services (comprising 23% of the estimate for the Total selected industries), Mining (16%), and Manufacturing (14%).
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