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EXPERIMENTAL PROJECTED CAPITAL EXPENDITURE
BUILDINGS AND STRUCTURES
The projections for buildings and structures remain strong for the coming nine months, as expenditure expectations increased, albeit slightly in the September quarter. The buildings and structures projections 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, plant and machinery in the September quarter continued to follow modelled projections. Projections indicate increasing strength before a possible tapering in the series towards the end of the financial year.
The Mining industry has experienced high growth since the start of 2005. Expectations data remained strong in the September quarter and the modelled projections suggest that this series will exceed the $10,000m level by the end of the financial year.
The Manufacturing trend series fell slightly in the September quarter. The model is projecting a moderate rate of growth to a point marginally above current actual trend by June quarter 2009.
OTHER SELECTED INDUSTRIES
The Other selected industries series grew marginally in actual trend terms in the September quarter. Despite only slight upwards movement since June 2007, expectations data were steady in the September quarter and remain at high levels. The projections moving forward hence remain extremely strong, though the actual trend is diverging from the projected trend.
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