Private New Capital Expenditure and Expected Expenditure, Australia

Latest release

Quarterly statistics about actual and expected private new capex investment spend on buildings and equipment by industry

Reference period
June 2024
Released
29/08/2024
  • Next Release 28/11/2024
    Private New Capital Expenditure and Expected Expenditure, Australia, September 2024
  • Next Release 27/02/2025
    Private New Capital Expenditure and Expected Expenditure, Australia, December 2024
  • Next Release 29/05/2025
    Private New Capital Expenditure and Expected Expenditure, Australia, March 2025
  • View all releases

Key statistics

  • Total new capital expenditure fell by 2.2%
  • Buildings and structures fell by 3.8%
  • Equipment, plant and machinery fell by 0.5%
  • Estimate 3 for 2024-25 is $170.7b. This is 10.3% higher than Estimate 2 for 2024-25
Key data items
  Jun Qtr 24 ($m)Mar Qtr 24 to Jun Qtr 24 (% change)Jun Qtr 23 to Jun Qtr 24 (% change)
Seasonally adjusted(a)   
 Total new capital expenditure39834-2.20.3
 Buildings and structures20866-3.8-2.8
 Equipment, plant and machinery18967-0.53.9
Trend(a)39834-2.20.3
 Total new capital expenditure402570.12.4
 Buildings and structures21190-1.00.0
 Equipment, plant and machinery190751.35.2
  1. In volume terms

Source: Australian Bureau of Statistics, Private New Capital Expenditure and Expected Expenditure, Australia June 2024

New capital expenditure in seasonally adjusted volume terms

Total new capital expenditure

  • The trend estimate for total new capital expenditure rose 0.1%
  • The seasonally adjusted estimate for total new capital expenditure fell 2.2% 
  1. Trend break added to 'Total new capital expenditure' trend series for June 2020, Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Buildings and structures

  • The trend estimate for buildings and structures fell 1.0% 
  • The seasonally adjusted estimate for buildings and structures fell 3.8%
  1. Trend break added to 'Buildings and Structures new capital expenditure' trend series for Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Equipment and machinery

  • The trend estimate for equipment, plant and machinery rose 1.3%
  • The seasonally adjusted estimate for equipment, plant and machinery fell 0.5% 
  1. Trend break added to 'Equipment and machinery new capital expenditure' trend series for Mar 2007.

Mining and non-mining

  • The trend estimate for Mining fell 1.3%
  • The seasonally adjusted estimate for Mining rose 1.5% 
  • The trend estimate for Non-mining rose 0.5%
  • The seasonally adjusted estimate for Non-mining fell 3.6%
  1. Trend break added to 'Total non-mining capital expenditure' trend series for Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Financial years at current prices

Timing and composition

The graphs below show the seven estimates of actual and expected expenditure for each financial year.

The timing and composition of these estimates are as follows:

Composition of estimates 
Estimate Based on data reported at:Data on long-term expected expenditureData on Short-term expected expenditureData on actual expenditure
1Jan-Feb, 5-6 months before period begins12 monthsNilNil
2Apr-May, 2-3 months before period begins12 monthsNilNil
3Jul-Aug, at beginning of period6 months6 monthsNil
4Oct-Nov, 3-4 months into period6 months3 months3 months
5Jan-Feb, 6-7 months into periodNil6 months6 months
6Apr-May, 9-10 months into periodNil3 months9 months
7Jul-Aug, at end of periodNilNil12 months

Source: Australian Bureau of Statistics, Private New Capital Expenditure and Expected Expenditure, Australia March 2024

Total capital expenditure

  • Estimate 7 for 2023-24 is $182.0b
  • This is 0.5% higher than Estimate 6 for 2023-24
  • Estimate 3 for 2024-25 is $170.7b
  • This is 10.3% higher than Estimate 2 for 2024-25

Buildings and structures

  • Estimate 7 for 2023-24 is $97.5b
  • This is 3.8% lower than Estimate 6 for 2023-24
  • Estimate 3 for 2024-25 is $102.0b
  • This is 8.0% higher than Estimate 2 for 2024-25

Equipment and machinery

  • Estimate 7 for 2023-24 is $84.5b
  • This is 6.0% higher than Estimate 6 for 2023-24
  • Estimate 3 for 2024-25 is $68.7b
  • This is 13.8% higher than Estimate 2 for 2024-25

Mining

  • Estimate 7 for 2023-24 is $52.6b
  • This is 2.0% lower than Estimate 6 for 2023-24
  • Estimate 3 for 2024-25 is $53.0b
  • This is 9.9% higher than Estimate 2 for 2024-25

Non-mining

  • Estimate 7 for 2023-24 is $129.5b
  • This is 1.6% higher than Estimate 6 for 2023-24
  • Estimate 3 for 2024-25 is $117.7b
  • This is 10.4% higher than Estimate 2 for 2024-25

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex percentage change
Mar Qtr 24 to Jun Qtr 24Jun Qtr 23 to Jun Qtr 24
% change% change
Mining1.52.6
Manufacturing-6.4-7.4
Electricity, Gas, Water and Waste2.712.2
Construction0.424.9
Wholesale Trade-2.8-30.0
Retail Trade-16.1-3.6
Accommodation and Food Services-1.7-5.7
Transport, Postal and Warehousing-6.7-7.1
Information Media and Telecommunications-7.721.9
Financial and Insurance Services-1.7-0.6
Rental, Hiring and Real Estate-5.2-16.8
Professional, Scientific and Technical Services12.725.1
Administrative and Support Services30.41.4
Education and Training-8.77.2
Health Care and Social Assistance-9.0-5.0
Arts and Recreation Services-4.48.4
Other Services26.31.2
Industry chain volume buildings and structures percentage change
Mar Qtr 24 to Jun Qtr 24Jun Qtr 23 to Jun Qtr 24
% change% change
Mining2.83.7
Manufacturing-29.4-22.1
Electricity, Gas, Water and Waste2.812.6
Construction-6.549.0
Wholesale Trade-0.5-35.5
Retail Trade24.433.5
Accommodation and Food Services-6.4-9.0
Transport, Postal and Warehousing-18.2-18.4
Information Media and Telecommunications-14.0-8.0
Financial and Insurance Services-13.523.9
Rental, Hiring and Real Estate-6.3-23.4
Professional, Scientific and Technical Services56.029.2
Administrative and Support Services74.2-1.8
Education and Training-2.96.4
Health Care and Social Assistance-11.3-12.2
Arts and Recreation Services-27.5-17.1
Other Services1.948.6
Industry chain volume equipment and machinery percentage change
Mar Qtr 24 to Jun Qtr 24Jun Qtr 23 to Jun Qtr 24
% change% change
Mining-2.1-0.3
Manufacturing8.10.4
Electricity, Gas, Water and Waste2.79.4
Construction0.923.6
Wholesale Trade-3.5-28.5
Retail Trade-25.9-13.5
Accommodation and Food Services2.2-3.1
Transport, Postal and Warehousing0.50.0
Information Media and Telecommunications4.0142.0
Financial and Insurance Services1.8-5.2
Rental, Hiring and Real Estate-3.4-4.3
Professional, Scientific and Technical Services5.824.2
Administrative and Support Services22.21.7
Education and Training-28.210.8
Health Care and Social Assistance-6.63.3
Arts and Recreation Services30.846.5
Other Services36.5-7.9

State movements

State chain volume seasonally adjusted total capex percentage change
Mar Qtr 24 to Jun Qtr 24Jun Qtr 23 to Jun Qtr 24
% change% change
New South Wales-0.4-3.0
Victoria-4.1-4.2
Queensland-3.01.5
South Australia2.3-2.2
Western Australia0.93.5
Tasmania0.924.9
Northern Territory23.532.4
Australian Capital Territory-14.53.3

Data downloads

Data downloads

Data files

Data Explorer datasets

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Please check the reference period when using Data Explorer.

Private New Capital Expenditure and Expected Expenditure - estimates of actual and expected new capital expenditure by private businesses for selected industries in Australia

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Previous catalogue number

This release previously used catalogue number 5625.0.

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