5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Jun 2018 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/08/2018   
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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. Advice about the application of realisation ratios to these estimates is in paragraph 27 to 30 of the Explanatory Notes.

The timing and construction of these estimates are as follows:

TIMING AND CONSTRUCTION OF SEVEN ESTIMATES
COMPOSITION OF ESTIMATE
Estimate Based on data reported at:
Data on long-term
expected expenditure
Data on Short-term
expected expenditure
Data on actual
expenditure
1.
Jan-Feb, 5-6 months before period begins
12 months
Nil
Nil
2.
Apr-May, 2-3 months before period begins
12 months
Nil
Nil
3.
Jul-Aug, at beginning of period
6 months
6 months
Nil
4.
Oct-Nov, 3-4 months into period
6 months
3 months
3 months
5.
Jan-Feb, 6-7 months into period
Nil
6 months
6 months
6.
Apr-May, 9-10 months into period
Nil
3 months
9 months
7.
Jul-Aug, at end of period
Nil
Nil
12 months



TOTAL CAPITAL EXPENDITURE

Estimate 7 for total capital expenditure in 2017-18 is $118,927m. This is 4.0% higher than Estimate 7 for 2016-17. The main contributor to this increase is Other Selected Industries (9.9%). Estimate 7 is 1.0% higher than Estimate 6 for 2017-18. The main contributor to this increase is Other Selected Industries (4.5%).

Estimate 3 for total capital expenditure for 2018-19 is $101,997m. This is 1.1% lower than Estimate 3 for 2017-18. The main contributor to the decrease is Mining (-4.2%). Estimate 3 is 16.1% higher than Estimate 2 for 2018-19. The main contributor to the increase was Other Selected Industries (14.2%).


Graph: seven estimates by financial year for total capital expenditure


BUILDINGS AND STRUCTURES

Estimate 7 for buildings and structures in 2017-18 is $66,746m. This is 2.5% higher than Estimate 7 for 2016-17. The main contributor to this increase is Other Selected Industries (19.5%). Estimate 7 for buildings and structures is 2.9% lower than Estimate 6 for 2017-18. The main contributor to this decrease is Mining (-6.6%).

Estimate 3 for buildings and structures for 2018-19 is $59,254m. This is 6.0% lower than Estimate 3 for 2017-18. The main contributor to the decrease was Mining (-11.9%). Estimate 3 is 13.3% higher than Estimate 2 for 2018-19. The main contributor to the increase was Mining (23.6%).


Graph: seven estimates by financial year for buildings and structures


EQUIPMENT, PLANT AND MACHINERY

Estimate 7 for equipment, plant and machinery for 2017-18 is $52,181m. This is 5.8% higher than Estimate 7 for 2016-17. The main contributor to this increase is Mining (27.5%). Estimate 7 is 6.6% higher than Estimate 6 for 2017-18. The main contributor to this increase is Other Selected Industries (8.9%).

Estimate 3 for equipment, plant and machinery for 2018-19 is $42,743m. This is 6.7% higher than Estimate 3 for 2017-18. The main contributor to this increase is Mining (27.0%). Estimate 3 is 20.0% higher than Estimate 2 for 2018-19. The main contributor to the increase is Other Selected Industries (22.2%).


Graph: seven estimates by financial year for equipment, plant and machinery


MINING

Estimate 7 for Mining for 2017-18 is $36,052m. This is 7.0% lower than Estimate 7 for 2016-17. Estimate 7 is 5.9% lower than Estimate 6 for 2017-18. Buildings and structures is 12.6% lower and equipment, plant and machinery is 27.5% higher than the corresponding seventh estimate for 2017-18.

Estimate 3 for Mining for 2018-19 is $31,873m. This is 4.2% lower than Estimate 3 for 2017-18. Estimate 3 is 19.0% higher than Estimate 2 for 2018-19. Buildings and structures is 11.9% lower and equipment, plant and machinery is 27.0% higher than the corresponding third estimate for 2018-19.


Graph: seven estimates by financial year for mining

MANUFACTURING

Estimate 7 for Manufacturing for 2017-18 is $9,451m. This is 6.5% higher than Estimate 7 for 2016-17. Estimate 7 is 3.2% higher than Estimate 6 for 2017-18. Equipment, plant and machinery is 7.1% higher and buildings and structures is 4.9% higher than the corresponding seventh estimate for 2017-18.

Estimate 3 for Manufacturing for 2018-19 is $8,665. This is 3.1% higher than Estimate 3 for 2017-18. Estimate 3 is 19.2% higher than Estimate 2 for 2018-19. Equipment, plant and machinery is 4.6% higher and buildings and structures is 0.6% lower than the corresponding third estimate for 2018-19.


Graph: seven estimates by financial year for manufacturing


OTHER SELECTED INDUSTRIES

Estimate 7 for Other Selected Industries for 2017-18 is $73,425m. This is 9.9% higher than Estimate 7 for 2016-17. Estimate 7 is 4.5% higher than Estimate 6 for 2017-18. Buildings and structures is 19.5% higher and equipment, plant and machinery is 2.5% higher than the corresponding seventh estimate for 2017-18.

Estimate 3 for Other Selected Industries for 2018-19 is $61,458m. This is relatively unchanged (0.0%) from Estimate 3 for 2017-18. Estimate 3 is 14.2% higher than Estimate 2 for 2018-19. Equipment, plant and machinery is 2.2% higher and buildings and structures is 1.8% lower than the corresponding third estimate for 2018-19.


Graph: seven estimates by financial year for other selected industries