Latest release

Private New Capital Expenditure and Expected Expenditure, Australia

Quarterly statistics about actual and expected private new capex investment spend on buildings and equipment by industry

Reference period
June 2021
Released
26/08/2021
Future Releases
  • Next Release 25/11/2021
    Private New Capital Expenditure and Expected Expenditure, Australia, September 2021
  • Next Release 24/02/2022
    Private New Capital Expenditure and Expected Expenditure, Australia, December 2021
  • Next Release 26/05/2022
    Private New Capital Expenditure and Expected Expenditure, Australia, March 2022
  • View all releases

Key statistics

  • Total new capital expenditure rose by 4.4%
  • Buildings and structures rose by 4.6%
  • Equipment, plant and machinery rose by 4.3%
  • Estimate 3 for 2021-22 is $127,701m. This is 12.5% higher than Estimate 2 for 2021-22
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  Jun Qtr 21Mar Qtr 21 to Jun Qtr 21Jun Qtr 20 to Jun Qtr 21
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure

32 675

4.4

11.5

 Buildings and structures

16 889

4.6

6.5

 Equipment, plant and machinery

15 786

4.3

17.3

a. In volume terms
 

Extraordinary Annual Seasonal Review (EASR)

The Extraordinary Annual Seasonal Review undertaken this quarter has individually assessed each series to determine how each observation from the previous year should be treated for estimation of the seasonal factors used to seasonally adjust the current end of the series. This process has ensured disruption to series caused by COVID-19 does not unduly affect estimates of the seasonal factors.

For series which have used the forward factors method, revisions to the seasonally adjusted series are likely to be larger than the revisions historically observed each quarter when concurrent adjustment was used. Series which have used forward factors have used static seasonal factor estimates for the previous year, and the review has updated these seasonal factor estimates by incorporating relevant information from the previous year's observations. When concurrent adjustment is used, revisions to the seasonally adjusted estimates will typically be smaller because seasonal factor estimates are updated quarterly on the basis of the addition of just one extra data point.

A decision was made about the future use of forward factors/concurrent adjustment. In the case where the forward factors method will continue to be used, new forward factors have been calculated.

Suspension of trend series

The trend series attempts to measure underlying behaviour in business activity. In the short term, this measurement will be significantly affected by changes to regular patterns in spending that will occur during this time, as certain businesses are restricted from trading for example. If the trend estimates in this publication were to be calculated without fully accounting for this irregular event, they would likely provide a misleading view of underlying business activity.

It may be some time before the underlying trend in business activity can be accurately estimated. The New Capital Expenditure trend series have therefore been suspended and will be reinstated when more certainty emerges in the underlying trend in business activity.

New capital expenditure in seasonally adjusted volume terms

Total capital expenditure

  • Total new capital expenditure rose 4.4%
     
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Buildings and structures

  • Buildings and structures rose 4.6%
     
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Equipment and machinery

  • Equipment, plant and machinery rose 4.3%
     
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Mining and non-mining

  • Mining rose 0.4% 
  • Non-mining rose 6.0%
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Financial years at current prices

Timing and composition

The graphs below show the seven estimates of actual and expected expenditure for each financial year.

The timing and composition of these estimates are as follows:

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Estimate Based on data reported at:COMPOSITION OF ESTIMATE
Data on long-term expected expenditureData on Short-term expected expenditureData on actual expenditure
1.Jan-Feb, 5-6 months before period begins12 monthsNilNil
2.Apr-May, 2-3 months before period begins12 monthsNilNil
3.Jul-Aug, at beginning of period6 months6 monthsNil
4.Oct-Nov, 3-4 months into period6 months3 months3 months
5.Jan-Feb, 6-7 months into periodNil6 months6 months
6.Apr-May, 9-10 months into periodNil3 months9 months
7.Jul-Aug, at end of periodNilNil12 months

 

 

Total capital expenditure

  • Estimate 7 for 2020-21 is $125,724m
  • This is 1.7% higher than Estimate 6 for 2020-21
  • Estimate 3 for 2021-22 is $127,701m
  • This is 12.5% higher than Estimate 2 for 2021-22
     
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Buildings and structures

  • Estimate 7 for 2020-21 is $65,438m
  • This is 1.7% lower than Estimate 6 for 2020-21
  • Estimate 3 for 2021-22 is $74,704m
  • This is 7.6% higher than Estimate 2 for 2021-22
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Equipment, plant and machinery

  • Estimate 7 for 2020-21 is $60,286m
  • This is 5.6% higher than Estimate 6 for 2020-21
  • Estimate 3 for 2021-22 is $52,998m
  • This is 20.2% higher than Estimate 2 for 2021-22
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Mining

  • Estimate 7 for 2020-21 is $35,515m
  • This is 1.1% lower than Estimate 6 for 2020-21
  • Estimate 3 for 2021-22 is $39,783m
  • This is 6.5% higher than Estimate 2 for 2021-22
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Non-mining

  • Estimate 7 for 2020-21 is $90,209m
  • This is 2.8% higher than Estimate 6 for 2020-21
  • Estimate 3 for 2021-22 is $87,918m
  • This is 15.4% higher than Estimate 2 for 2021-22
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Detailed industry movements by asset type

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Industry chain volume seasonally adjusted total capex
Mar Qtr 21 to Jun Qtr 21Jun Qtr 20 to Jun Qtr 21
% change% change
Mining 0.4 2.2
Manufacturing -5.6 11.5
Electricity, Gas, Water and Waste 10.5 18.7
Construction 0.1 10.8
Wholesale Trade 2.9 25.3
Retail Trade 13.9 33.6
Accommodation and Food Services -10.5 43.4
Transport, Postal and Warehousing 9.3 19.7
Information Media and Telecommunications 14.5 1.0
Financial and Insurance Services 3.5 9.1
Rental, Hiring and Real Estate 15.9 20.2
Professional, Scientific and Technical Services -0.2 8.3
Administrative and Support Services 8.3 80.1
Education and Training 2.9 4.0
Health Care and Social Assistance -1.9 -17.5
Arts and Recreation Services 21.1 52.4
Other Services 16.8 72.0
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Industry chain volume buildings and structures
Mar Qtr 21 to Jun Qtr 21Jun Qtr 20 to Jun Qtr 21
% change% change
Mining 0.8 2.0
Manufacturing -2.6 21.3
Electricity, Gas, Water and Waste 12.6 20.6
Construction 27.0 77.4
Wholesale Trade 48.6 28.7
Retail Trade -2.7 7.7
Accommodation and Food Services 0.0 30.2
Transport, Postal and Warehousing 10.9 18.5
Information Media and Telecommunications 8.4 0.7
Financial and Insurance Services 58.3 64.8
Rental, Hiring and Real Estate 8.2 5.6
Professional, Scientific and Technical Services -40.2 -30.5
Administrative and Support Services -28.4 200.0
Education and Training 9.3 -6.8
Health Care and Social Assistance -4.5 -21.4
Arts and Recreation Services -2.2 8.5
Other Services -13.5 54.7
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Industry chain volume equipment and machinery
Mar Qtr 21 to Jun Qtr 21Jun Qtr 20 to Jun Qtr 21
% change% change
Mining -0.5 2.6
Manufacturing -6.8 8.0
Electricity, Gas, Water and Waste -1.8 7.7
Construction -1.1 8.5
Wholesale Trade -5.7 24.4
Retail Trade 19.5 42.9
Accommodation and Food Services -15.1 51.7
Transport, Postal and Warehousing 8.1 20.8
Information Media and Telecommunications 42.8 2.7
Financial and Insurance Services -8.2 -3.0
Rental, Hiring and Real Estate 31.7 56.2
Professional, Scientific and Technical Services 8.0 15.7
Administrative and Support Services 24.8 63.2
Education and Training -10.3 47.9
Health Care and Social Assistance 1.5 -12.4
Arts and Recreation Services 44.9 111.5
Other Services 29.3 77.5

State movements

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State chain volume seasonally adjusted total capex
Mar Qtr 21 to Jun Qtr 21Jun Qtr 20 to Jun Qtr 21
% change% change
New South Wales 5.0 19.1
Victoria 10.7 6.6
Queensland 5.1 0.8
South Australia -3.3 11.6
Western Australia 1.4 11.9
Tasmania 3.6 41.3
Northern Territory 111.5 60.2
Australian Capital Territory 29.7 15.3

Data downloads

Data downloads

Data files

Previous catalogue number

This release previously used catalogue number 5625.0.