ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE


FINANCIAL YEARS AT CURRENT PRICES

The graphs below show the seven estimates of actual and expected expenditure for each financial year. The estimates appearing below relate to data contained in Tables 5 and 6. Commentary in this section includes reference to some unpublished data, providing some further analysis of change in these estimates by detailed industry. Advice about the application of realisation ratios to these estimates is in paragraphs 26 to 29 of the Explanatory Notes.

The timing and construction of these estimates are as follows:

TOTAL CAPITAL EXPENDITURE

Estimate 7 for total capital expenditure for 2009-10 is $106,076 million. This is 6.2% lower than Estimate 7 for 2008-09. The main contributors to this decrease, by detailed industry, were Mining (-8.5%) and Transport, Postal and Warehousing (-14.9%). Of note, Estimate 7 for Construction is $2,049 million which is 50.0% higher than the same estimate for 2008-2009. Estimate 7 for total capital expenditure is 1.8% lower than Estimate 6 for 2009-2010. Mining (-7.0%) was the main contributor to this decrease with $2,610 million less spent in the June quarter compared to planned spending reported in the March Survey.

Estimate 3 for total capital expenditure for 2010-2011 is $123,334 million. This is 24.3% higher than Estimate 3 for 2009-10. Mining (48.4%) was the most significant contributor to this increase. Estimate 3 for total capital expenditure is 17.5% higher than Estimate 2 for 2010-11. The main contributors to this increase were Mining (12.2%), Rental, Hiring and Real Estate Services (34.1%) and Transport, Postal and Warehousing (34.0%). The comparison of these estimates by detailed industry indicates that all industries increased spending plans for 2010-11 in the June quarter.

BUILDINGS AND STRUCTURES

Estimate 7 for buildings and structures for 2009-10 is $50,685 million which is 8.7% lower than Estimate 7 for buildings and structures for 2008-09. By major industry, the main contributors to this decrease were Other selected industries (-10.7%) and Mining (-7.2%). Estimate 7 for buildings and structures is 6.0% lower than Estimate 6 for 2009-10. Mining (-7.9%) was the main contributor to this decrease between estimates.

Estimate 3 for buildings and structures for 2010-11 is $74,567 million. This is 39.1% higher than Estimate 3 for 2009-10. Mining (54.9%) was the main contributor to this increase. Estimate 3 for buildings and structures for 2010-11 is 16.9% higher than Estimate 2. By major industry, the main contributors to this increase were Other selected industries (29.7%) and Mining (13.0%).

EQUIPMENT, PLANT AND MACHINERY

Estimate 7 for equipment, plant and machinery for 2009-10 is $55,391 million. This is 3.8% lower than Estimate 7 for 2008-09. By detailed industry, Mining (-12.1%) was the main contributor to this decrease between estimates while Construction rose 52.8%. Estimate 7 for equipment, plant and machinery for 2009-10 is 2.4% higher than for Estimate 6 for 2009-10. By detailed industry, Estimate 7 for Construction was 17.2% higher than Estimate 6, which contributed most to this increase between estimates.

Estimate 3 for equipment, plant and machinery for 2010-11 is $48,767 million. This is 7.0% higher than Estimate 3 for 2009-10. Rental, Hiring and Real Estate Services (42.4%) was the main contributor to this increase. Estimate 3 for equipment, plant and machinery is 18.3% higher than Estimate 2 for 2010-11. By major industry, Mining (9.4%), Manufacturing (22.3%) and Other selected industries (21.0%) all increased between these estimates.

MINING

Estimate 7 for Mining for 2009-10 is $34,756 million. This is 8.5% lower than Estimate 7 for 2008-09. Estimate 7 is 7.0% lower than Estimate 6 for 2009-10. Buildings and structures is 7.9% lower and equipment, plant and machinery is 4.3% lower than corresponding sixth estimates for 2009-10.

Estimate 3 for Mining for 2010-11 is $54,817 million. This is 48.4% higher than the corresponding estimate for 2009-10. Estimate 3 is 12.2% higher than Estimate 2 for 2010-11. Buildings and structures is 13.0% higher and equipment, plant and machinery is 9.4% higher than corresponding second estimates for 2010-11.

MANUFACTURING

Estimate 7 for Manufacturing for 2009-10 is $11,705 million. This is 7.7% lower than Estimate 7 for 2008-09. Estimate 7 is 0.6% lower than Estimate 6 for 2009-10. Buildings and structures is 3.4% lower and equipment, plant and machinery is 0.9% higher than corresponding sixth estimates for 2009-10.

Estimate 3 for Manufacturing for 2010-11 is $14,094 million. This is 24.7% higher than Estimate 3 for 2009-10. Estimate 3 is 12.4% higher than Estimate 2 for 2010-11. Buildings and structures is 3.1% higher and equipment, plant and machinery is 22.3% higher than corresponding second estimates for 2010-11.

OTHER SELECTED INDUSTRIES

Estimate 7 for Other selected industries for 2009-10 is $59,616 million. This is 4.6% lower than Estimate 7 for 2008-09. By detailed industry, Transport, Postal and Warehousing (-14.9%) and Information Media and Telecommunications (-20.6%) have contributed most significantly to the decrease between these estimates. Construction (50.0%) rose strongly between these estimates. Estimate 7 for Other selected industries is 1.2% higher than Estimate 6 for 2009-10. Buildings and structures is 4.1% lower and equipment, plant and machinery is 4.3% higher than corresponding sixth estimates for 2009-10. By detailed industry, Construction (15.6%) contributed most to the increase between estimates.

Estimate 3 for Other selected industries for 2010-11 is $54,423 million. This is 6.8% higher than Estimate 3 for 2009-10. Building and structures is 15.5% higher and equipment, plant and machinery is 0.7% higher by this comparison of estimates. By detailed industry, Rental, Hiring and Real Estate Services (48.0%) contributed most to the increase between these estimates. Estimate 3 for Other selected industries is 24.7% higher than Estimate 2 for 2010-11. Buildings and structures is 29.7% higher and equipment, plant and machinery is 21.0% higher than Estimate 2 for 2010-11. By detailed industry, all industries rose compared to Estimate 2 while Rental, Hiring and Real Estate Services (34.1%) and Transport, Postal and Warehousing (34.0%) contributed most significantly to the increase between these estimates.