5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Dec 2019 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2020 Released Today  
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December key figures

Dec Qtr 19
Sep Qtr 19 to Dec Qtr 19
Dec Qtr 18 to Dec Qtr 19
$m
% change
% change

Trend estimates(a)
Total new capital expenditure
28 663
-1.4
-4.5
Buildings and structures
15 083
-1.7
-6.6
Equipment, plant and machinery
13 599
-0.8
-1.9
Seasonally adjusted(a)
Total new capital expenditure
28 454
-2.8
-5.8
Buildings and structures
14 815
-5.9
-9.6
Equipment, plant and machinery
13 639
0.8
-1.3

(a) In volume terms

New Capital Expenditure, in volume terms
Graph: Frontpage Total Capex


December key points


Actual expenditure (Volume terms)
  • The trend estimate for total new capital expenditure fell by -1.4% in the December quarter 2019. This follows a fall of -1.3% in the September quarter 2019.
  • The seasonally adjusted estimate for total new capital expenditure fell by -2.8% in the December quarter 2019. This follows a fall of -0.4% in the September quarter 2019.
  • The trend volume estimate for buildings and structures fell by -1.7% in the December quarter 2019. This follows a fall of -1.9% in the September quarter 2019.
  • The seasonally adjusted estimate for buildings and structures fell by -5.9% in the December quarter 2019. This follows a rise of 2.5% in the September quarter 2019.
  • The trend volume estimate for equipment, plant and machinery fell by -0.8% in the December quarter 2019. This follows a fall of -0.7% in the September quarter 2019.
  • The seasonally adjusted volume estimate for equipment, plant and machinery rose by 0.8% in the December quarter 2019. This follows a fall of -3.6% in the September quarter 2019.

Expected expenditure (Current price terms)
  • This issue includes the fifth estimate (Estimate 5) for 2019-20 and the first estimate (Estimate 1) for 2020-21.
  • Estimate 5 for 2019-20 is $120,344m. This is 2.1% higher than Estimate 5 for 2018-19. Estimate 5 is 2.8% higher than Estimate 4 for 2019-20.
  • Estimate 1 for 2020-21 is $100,186m. This is 8.8% higher than Estimate 1 for 2019-20.


Forthcoming issues

Issue (Quarter) Release Date
March 2020 28 May 2020
June 2020 27 August 2020
September 2020 26 November 2020
December 2020 25 February 2021


Changes in this issue

From this issue (December quarter 2019), this publication will include financial year estimates and realisation ratios for the Education and Training and Health Care and Social Assistance industries. Data from these industries have been collected over the past several quarters through the Survey of New Capital Expenditure. This new series will be ongoing and will be presented in current price original data. This series is available in the downloads in Table 13B and Table 13C.

Mining projects

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.


Inquiries

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