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
September 2025
Released
27/11/2025
  • Next Release 26/02/2026
    Private New Capital Expenditure and Expected Expenditure, Australia, December 2025
  • Next Release 28/05/2026
    Private New Capital Expenditure and Expected Expenditure, Australia, March 2026
  • Next Release 27/08/2026
    Private New Capital Expenditure and Expected Expenditure, Australia, June 2026
  • View all releases
Release date and time
27/11/2025 11:30am AEDT

Key statistics

  • Total new capital expenditure rose by 6.4%
  • Equipment, plant and machinery rose by 11.5%
  • Buildings and structures rose by 2.1%
  • Estimate 4 for 2025-26 is $191.3b. This is 9.4% higher than Estimate 3 for 2025-26
Key data items
 Sep Qtr 25 
($m)
Jun Qtr 25 to Sep Qtr 25 
(% change)
Sep Qtr 24 to Sep Qtr 25 
(% change)
Seasonally adjusted(a) 
 Total new capital expenditure48,9996.46.9
 Buildings and structures25,4102.14.3
 Equipment, plant and machinery23,58911.59.9
Trend(a) 
 Total new capital expenditure47,1851.63.3
 Buildings and structures25,2711.04.0
 Equipment, plant and machinery21,4200.90.1
  1. In volume terms

New capital expenditure in volume terms

Total new capital expenditure

  • The trend estimate for total new capital expenditure rose 1.6%
  • The seasonally adjusted estimate for total new capital expenditure rose 6.4% 
  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 rose 1.0%
  • The seasonally adjusted estimate for buildings and structures rose 2.1%
  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 0.9%
  • The seasonally adjusted estimate for equipment, plant and machinery rose 11.5% 
  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 rose 0.3%
  • The seasonally adjusted estimate for Mining rose 0.9%
  • The trend estimate for Non-mining rose 2.0%
  • The seasonally adjusted estimate for Non-mining rose 8.6%
  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

Total capital expenditure

  • Estimate 4 for 2025-26 is $191.3b
  • This is 9.4% higher than Estimate 3 for 2025-26

Buildings and structures

  • Estimate 4 for 2025-26 is $107.9b
  • This is 4.4% higher than Estimate 3 for 2025-26

Equipment and machinery

  • Estimate 4 for 2025-26 is $83.3b
  • This is 16.7% higher than Estimate 3 for 2025-26

Mining

  • Estimate 4 for 2025-26 is $54.7b
  • This is 3.3% higher than Estimate 3 for 2025-26

Non-mining

  • Estimate 4 for 2025-26 is $136.6b
  • This is 12.1% higher than Estimate 3 for 2025-26

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex percentage change
Jun Qtr 25 to Sep Qtr 25Sep Qtr 24 to Sep Qtr 25
% change% change
Mining0.92.5
Manufacturing7.03.7
Electricity, Gas, Water and Waste1.03.3
Construction-1.7-28.7
Wholesale Trade8.713.4
Retail Trade-5.612.4
Accommodation and Food Services16.025.3
Transport, Postal and Warehousing23.424.2
Information Media and Telecommunications40.769.8
Financial and Insurance Services-5.4-7.6
Rental, Hiring and Real Estate0.8-11.6
Professional, Scientific and Technical Services-11.1-10.1
Administrative and Support Services14.664.8
Education and Training1.2-3.6
Health Care and Social Assistance-0.37.6
Arts and Recreation Services4.0-3.0
Other Services-1.8-25.0
Industry chain volume buildings and structures percentage change
Jun Qtr 25 to Sep Qtr 25Sep Qtr 24 to Sep Qtr 25
% change% change
Mining-0.4-0.7
Manufacturing15.116.2
Electricity, Gas, Water and Waste0.64.1
Construction16.45.7
Wholesale Trade30.543.2
Retail Trade6.625.5
Accommodation and Food Services22.439.7
Transport, Postal and Warehousing-1.78.6
Information Media and Telecommunications5.321.7
Financial and Insurance Services-23.5-6.2
Rental, Hiring and Real Estate0.4-11.9
Professional, Scientific and Technical Services-5.0-17.5
Administrative and Support Services14.8-4.1
Education and Training-0.8-5.5
Health Care and Social Assistance-0.416.7
Arts and Recreation Services4.0-21.1
Other Services7.6-10.2
Industry chain volume equipment and machinery percentage change
Jun Qtr 25 to Sep Qtr 25Sep Qtr 24 to Sep Qtr 25
% change% change
Mining4.511.2
Manufacturing2.1-3.2
Electricity, Gas, Water and Waste3.9-2.6
Construction-3.0-30.7
Wholesale Trade2.14.9
Retail Trade-9.68.0
Accommodation and Food Services10.113.8
Transport, Postal and Warehousing40.733.6
Information Media and Telecommunications91.5147.3
Financial and Insurance Services-0.7-7.9
Rental, Hiring and Real Estate1.4-11.1
Professional, Scientific and Technical Services-12.2-8.5
Administrative and Support Services14.582.5
Education and Training8.63.8
Health Care and Social Assistance-0.1-1.6
Arts and Recreation Services3.621.4
Other Services-5.9-30.6

State movements

State chain volume seasonally adjusted total capex percentage change
Jun Qtr 25 to Sep Qtr 25Sep Qtr 24 to Sep Qtr 25
% change% change
New South Wales2.74.6
Victoria6.713.1
Queensland7.30.2
South Australia8.212.3
Western Australia1.67.7
Tasmania2.8-6.8
Northern Territory-1.62.2
Australian Capital Territory35.320.7

Data downloads

Time series spreadsheets

Data files

Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website.

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

Enquiries

For more information on these and related statistics, enquire via our Contact us page.

 

Previous catalogue number

This release previously used catalogue number 5625.0.

Notes on release

Chain volume estimates re-referenced to 2023-24

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, 2023-24, 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 2023-24. 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.

Methodology

Scope

This publication contains estimates of actual and expected new capital expenditure by private businesses for selected industries in Australia.

Classified according to the Australian and New Zealand Standard Industrial Classification, ANZSIC, 2006.

Geography

Data available for:

  • Australia
  • States and territories

Source

The survey is conducted on a quarterly basis. 

It is based on a random sample of approximately 10,000 units which is stratified by industry, state/territory and derived employment size.

Collection method

Respondents are asked to provide data on the same basis as their own management accounts from an online survey. 

 

Concepts, sources and methods

Not applicable for this release

History of changes

Telstra's privatisation, effective from March quarter 2007.

 

View full methodology
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