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ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE
TOTAL CAPITAL EXPENDITURE
Estimate 5 for 2007-2008 is $84,786 million. This is an increase of 14.7% from the previous estimate 5 in 2006-07. The building asset class was the main driver for this growth, rising 23.1% while equipment rose 7.4% between these two estimates. Mining (23.0%), Other Services (40.4%) and Construction (41.2%) were the industries which have experienced the greatest growth. Manufacturing (-0.1%) and Finance (-4.8%) were the only industries that fell during this time. When estimate 5 is compared to estimate 4 there has been a more modest increase of 0.7%. While equipment rose by 4.1% the building asset class saw a decline of 2.5%. Property and business (-3.5%) and Other services (-6.3%) recorded falls while all remaining industries have forecast modest increases in expenditure between these two estimates.
BUILDING AND STRUCTURES
Estimate 5 for 2007-08 at $42,476 million has risen by 23.1% when compared to estimate 5 for 2006-07. While two of the smaller industries Retail (-8.9%) and Transport (-11.7%) have fallen between these estimates the remaining industries have displayed growth. Estimate 5 has fallen by 2.5% from estimate 4. Most industries have shown modest falls in this period to contribute to the decline.
EQUIPMENT, PLANT AND MACHINERY
Estimate 5 is 7.4% higher in 2007-08 than it was in the previous year at $42,309 million. Mining (22.2%) and Construction (40.0%) were the drivers of this movement while there were small falls seen in Finance, Manufacturing and Other services between these estimates. Estimate 5 is 4.1% higher than estimate 4. The growth has been broad based with nearly all industries showing single figure growth, with the exception of Retail (15.6%) and Other Services (-2.4%).
Estimate 5 for 2007-08 is at $29,602 million which is 23.0% higher than estimate 5 of the previous year. This growth has been seen across both asset types with equipment increasing by 22.2% and building by 23.2%. Estimate 5 has shown a moderate rise of 1.3% from estimate 4 of 2007-08 (equipment 3.5%, building 0.6%).
The fifth estimate for 2007-08 at $13,054 million is -0.1% lower than the corresponding estimate in 2006-07. There was little movement in the asset types with equipment falling by 1.0% and building rising by 1.9%. Estimate 5 is 4.3% higher than estimate 4 for 2007-08. This growth has come through in the equipment asset type which rose by 6.6% while building and structures fell by 0.7%.
OTHER SELECTED INDUSTRIES
Estimate 5 for 2007-08 is $42,131 million which is a fall of 0.8% from estimate 4. In asset terms the building class has fallen by 6.8% while equipment has had a rise of 3.5%. Estimate 5 has risen by 14.6% from the previous estimate 5 with equipment growing by 6.8% and building by 29.2%.
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