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 Commentary in this section includes reference to some unpublished data, providing some further analysis of change in these estimates by detailed industry.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 6 for total capital expenditure for 2009-10 is $108,651 million. This is 2.5% lower than Estimate 6 for 2008-09. The main contributors to this decrease, by detailed industry, were Transport, Postal and Warehousing (-12.8% compared to the corresponding previous estimate) and Mining (-4.2%). Estimate 6 for 2009-10 for Construction is $2,042 million and 57.8% higher than the same estimate for 2008-09. Estimate 6 is 1.3% lower than Estimate 5 for 2009-10. Mining (-10.5%) was the main contributor to this decrease between estimates.

Estimate 2 for total capital expenditure for 2010-11 is $103,930 million. This is 16.9% higher than Estimate 2 for 2009-10. Mining (33.2%) was the most significant contributor to this increase. Estimate 2 is 3.7% higher than Estimate 1 for 2010-11. By major industry, a rise in Manufacturing (18.3%) and Other selected industries (11.0%) was partially off-set by a decrease in Mining (-5.5%) between these estimates for 2010-11.

BUILDINGS AND STRUCTURES

Estimate 6 for buildings and structures for 2009-10 is $54,009 million which is 3.0% lower than Estimate 6 for buildings and structures for 2008-09. By detailed industry, the main contributor to this fall was Transport and Storage (-21.6%). Estimate 6 for buildings and structures is 5.2% lower than Estimate 5 for 2009-10. Mining (-11.5%) was the main contributor to this decrease between estimates.

Estimate 2 for buildings and structures for 2010-11 is $62,159 million. This is 29.8% higher than Estimate 2 for 2009-10. Mining (39.1%) was the main contributor to this increase. Estimate 2 for 2010-11 is 0.4% higher than Estimate 1. By major industry, Estimate 2 for buildings and structures for Mining was 9.5% lower than Estimate 1. While Mining contributed 58.2% of Estimate 2 for total buildings and structures and was weaker between estimates, Manufacturing was 32.6% higher and Other selected industries 14.1% higher by this comparison which offset the decrease.

EQUIPMENT, PLANT AND MACHINERY

Estimate 6 for equipment, plant and machinery for 2009-10 is $54,641 million. This is 2.0% lower than Estimate 6 for 2008-09. By major industry, Mining (-9.7%) and Manufacturing (-8.8%) were the main contributors to this decrease between estimates. Estimate 6 for equipment, plant and machinery for 2009-10 is 2.7% higher than Estimate 5 for 2009-10. Construction (22.4%) contributed most to this increase between estimates.

Estimate 2 for equipment, plant and machinery for 2010-11 is $41,771 million. This is 1.9% higher than Estimate 2 for 2009-10. Mining (15.8%) was the main contributor this increase. Estimate 2 is 9.1% higher than Estimate 1 for 2010-11. By major industry, Mining (11.8%), Manufacturing (5.8%) and Other selected industries (8.8%) all increased between these estimates.

MINING

Estimate 6 for Mining for 2009-10 is $37,048 million. This is 4.2% lower than Estimate 6 for 2008-09. Estimate 6 is 10.5% lower than Estimate 5 for 2009-10. Buildings and structures is 11.5% lower and equipment, plant and machinery is 7.2% lower than corresponding fifth estimates for 2009-10.

Estimate 2 for Mining for 2010-11 is $46,379 million. This is 33.2% higher than the corresponding estimate for 2009-10. Estimate 2 is 5.5% lower than Estimate 1 for 2010-11. Buildings and structures is 9.5% lower and equipment, plant and machinery is 11.8% higher than corresponding first estimates for 2010-11.

MANUFACTURING

Estimate 6 for Manufacturing for 2009-10 is $11,726 million. This is 5.1% lower than Estimate 6 for 2008-09. Estimate 6 is 4.3% lower than Estimate 5 for 2009-10. Buildings and structures is 2.1% lower and equipment, plant and machinery is 5.5% lower than corresponding fifth estimates for 2009-10.

Estimate 2 for Manufacturing for 2010-11 is $12,799 million. This is 23.8% higher than Estimate 2 for 2009-10. Estimate 2 is 18.3% higher than Estimate 1 for 2010-11. Buildings and structures is 32.6% higher and equipment, plant and machinery is 5.8% higher than corresponding first estimates for 2010-11.

OTHER SELECTED INDUSTRIES

Estimate 6 for Other Selected Industries for 2009-10 is $59,876 million. This is 0.9% lower than Estimate 6 for 2008-09. By detailed industry, Construction (57.8%) has risen strongly between these estimates, while Transport and Storage (-12.8%) and Information Media and Telecommunications (-24.7%) have contributed most significantly to the decrease between these estimates. Estimate 6 is 6.0% higher than Estimate 5 for 2009-10. Buildings and structures is 3.8% higher and equipment, plant and machinery is 7.3% higher than corresponding fifth estimates for 2009-10. By detailed industry, Construction (20.5%) and Rental, Hiring and Real Estate Services (11.6%) contributed most to the increase between estimates.

Estimate 2 for Other Selected Industries for 2010-11 is $44,753 million. This is 2.3% higher than Estimate 2 for 2009-10. Buildings and structures is 10.5% higher and equipment, plant and machinery is 3.1% lower by this comparison of estimates. By detailed industry, Rental, Hiring and Real Estate Services (26.3%) contributed most to the increase between these estimates. Transport, Postal and Warehousing (-19.7%) was notably weaker between these estimates. Estimate 2 is 11.0% higher than Estimate 1 for 2010-11. Buildings and structures is 14.1% higher and equipment, plant and machinery is 8.8% higher than Estimate 1 for 2010-11. By detailed industry, only Finance and Insurance Services (-1.4%) was lower compared to Estimate 1 while Construction (30.9%) and Rental, Hiring and Real Estate Services (17.7%) rose most significantly between these estimates.