EXPERIMENTAL PROJECTED CAPITAL EXPENDITURE


IN CURRENT PRICE TERMS


PROJECTED CAPITAL EXPENDITURE SERIES

The projected series below apply historical realisation ratios to contemporary expectations to convert these to quarterly figures. Trend estimates of resultant quarterly time series of actual and expected expenditure are produced.

The following graphs, with accompanying commentary, show the projected capital expenditure series based on June quarter 2008 data, which includes expected expenditure up to and including the June quarter 2009. Please see paragraphs 29 to 33 of the Explanatory Notes for further details about the methodology and cautionary notes for these series.


TOTAL CAPITAL EXPENDITURE

Renewed strength in the trend series for total capital expenditure, including upwards revisions for March support the anticipated movement of projections towards the $30,000m expenditure per quarter level by the end of the 2008-09 financial year.

BUILDINGS AND STRUCTURES

The projections for the building asset class are very strong for the coming twelve months and are the main driver behind the strength displayed in the projection for total Capex. The projections anticipate an upturn in the pace of growth in the building series in the year ahead.

EQUIPMENT, PLANT AND MACHINERY

The progress of actual trend equipment in the June quarter are consistent with modelled projections. Projections indicate increasing strength in the series before a possible tapering in the series towards the end of the next financial year.

MINING

The Mining industry has grown to record high levels over the past five years and the modelled projections suggest that this growth will move beyond the $10,000m level by the end of the financial year.

MANUFACTURING

The Manufacturing trend series has declined marginally in the June quarter. The model is projecting a slow rate of growth to a point only slightly above current actual trend by June quarter 2009.

OTHER SELECTED INDUSTRIES

The Other selected industries series has grown marginally in actual trend terms in the June quarter. Despite only slight upwards movement since June 2007, the recent lift in expectations mean the projections moving forward remain extremely strong.