ACTUAL NEW CAPITAL EXPENDITURE IN VOLUME TERMS


TOTAL CAPITAL EXPENDITURE

The trend estimate for total new capital expenditure rose by 1.2% in the September quarter 2007. The growth has been seen in both asset types and driven by rises in Mining (2.0%) and Other selected industries (2.1%). The seasonally adjusted series for total new capital expenditure fell by 6.5% in the September quarter 2007 following the strong June quarter.

BUILDINGS AND STRUCTURES

Buildings and structures trend estimate has risen by 0.6% in the September quarter 2007. The seasonally adjusted estimate for buildings and structures fell by 9.4% in the September quarter 2007. Other selected industries was the main contributor with a fall of 19.0%.

EQUIPMENT, PLANT AND MACHINERY

The trend estimate for equipment, plant and machinery rose by 1.8% in the September quarter 2007. Other selected industries rose by 2.9% while both Mining (-0.2%) and Manufacturing (-0.7%) fell this quarter. The seasonally adjusted series has fallen by 2.3% this quarter with Mining, Manufacturing and Other selected industries all recording falls in equipment capital expenditure.

MINING

The trend estimate for Mining has risen 2.0% in the September quarter 2007. The building asset class has risen by 2.6% while equipment has had a small decrease of 0.2%. In seasonally adjusted terms the Mining estimate fell by 3.0%. Both asset classes contributed to this fall with building declining by 0.7% and equipment by 8.6%. This is the first fall in the seasonally adjusted Mining series after three quarters of growth.

MANUFACTURING

The Manufacturing trend estimate fell by 3.2% in the September quarter 2007 which is the seventh consecutive fall. Building and structures fell 11.4% while equipment, plant and machinery had a small decrease of 0.7%. In seasonally adjusted terms, the Manufacturing estimate fell by 2.1%, which is the eighth consecutive fall. Building and structures fell by 2.9% while equipment, plant and machinery fell by 1.8%.

OTHER SELECTED INDUSTRIES

The trend estimate for Other selected industries (2.1%) has continued to rise in the September quarter 2007. Both asset classes rose with building and structures increasing by 0.8% and equipment, plant and machinery by 2.9%. The seasonally adjusted estimate for Other selected industries decreased by 9.3%. In terms of asset classes, buildings and structures fell by 19.0% and equipment, plant and machinery by 1.5%.