5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Sep 2017 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/11/2017
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SEPTEMBER KEY POINTS
ACTUAL EXPENDITURE (VOLUME TERMS)
EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
CHANGES TO THIS ISSUE
Each September quarter, the reference and base year for chain volume estimates for the Survey of Private New Capital Expenditure are updated. A new base year, 2015-16, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2015-16. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of, but not the movements in, chain volume estimates.
Mining projects tend to be complex in structure and comprise a number of different investment activities including exploration, engineering construction, plant and equipment and buildings. A feature article released in the March 2012 issue of Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0) provides a summary of the conceptual basis of the relevant ABS publications that measure investment in Australia, using a hypothetical mining project to illustrate how this investment is reflected in ABS data.
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