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EXPERIMENTAL PROJECTED CAPITAL EXPENDITURE
BUILDINGS AND STRUCTURES
The projections for buildings and structures indicate a dip in expenditure in the period to end June 2009 followed by a minimal rise in 2009-10. Expenditure expectations for 2009-10 have weakened considerably since the December survey. The actual trend for buildings and structures is relatively strong and is the main contributor behind the resilience displayed in the projection for total capital expenditure.
EQUIPMENT, PLANT AND MACHINERY
Projections of expenditure for equipment, plant and machinery indicate near term weakness and a progressive decline in expenditure in 2009-10. The actual trend in the March 2009 quarter tracked the series projection.
The Mining industry has experienced high growth since the start of 2005. Short term (June quarter) and long term (2009-10) expectations reported in the March quarter have weakened relative to the same expectations reported in earlier periods. The modelled projections imply that this series will hover around the $9 billion per quarter level through the next quarter and the 2009-10 financial year.
The Manufacturing actual trend series was flat in the March quarter 2009. The model is projecting imminent weakness in the series before some recovery in expenditure from mid 2009-10. Expectations data collected in the March quarter survey for 2009-10 decreased substantially.
OTHER SELECTED INDUSTRIES
The projected trend for the Other selected industries series suggests a sustained decline in quarterly expenditure in the fifteen month period ahead.
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