As table 19.15 shows, new capital expenditure by private sector businesses in the manufacturing industry rose slightly (by 2.6%) between 1998-99 and 1999-2000 following a fall of almost 15% between 1997-98 and 1998-99. Five of the nine manufacturing subdivisions experienced an increase in new capital expenditure. Largest percentage rises were for Wood and paper product manufacturing (by 26%), Petroleum, coal, chemical and associated product manufacturing (by 19%) and Machinery and equipment manufacturing (by 14%). Largest percentage falls were for Textile, clothing, footwear and leather manufacturing (by 26%) and Metal product manufacturing (by 24%).
Comparing private new capital expenditure levels in 1999-2000 with those of two years earlier shows lower levels in seven of the nine manufacturing subdivisions. Largest decreases were in Non-metallic mineral product manufacturing (by 46%), Textile, clothing, footwear and leather manufacturing (by 26%), Machinery and equipment manufacturing (by 28%) and Other manufacturing (by 27%). The only increases were for Petroleum, coal, chemical and associated product manufacturing (by 13%) and Wood and paper product manufacturing (by 9%).
19.15 PRIVATE NEW CAPITAL EXPENDITURE IN MANUFACTURING INDUSTRY
|Industry subdivision |
|Food, beverage and tobacco manufacturing |
|Textile, clothing, footwear and leather manufacturing |
|Wood and paper product manufacturing |
|Printing, publishing and recorded media |
|Petroleum, coal, chemical and associated product manufacturing |
|Non-metallic mineral product manufacturing |
|Metal product manufacturing |
|Machinery and equipment manufacturing |
|Other manufacturing |
|Total manufacturing |
|Source: Private New Capital Expenditure, Australia, Actual and Expected Expenditure (5625.0). |
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