Private New Capital Expenditure and Expected Expenditure, Australia

Latest release

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

Reference period
June 2022
Released
1/09/2022
  • Next Release 1/12/2022
    Private New Capital Expenditure and Expected Expenditure, Australia, September 2022
  • Next Release 23/02/2023
    Private New Capital Expenditure and Expected Expenditure, Australia, December 2022
  • Next Release 1/06/2023
    Private New Capital Expenditure and Expected Expenditure, Australia, March 2023
  • View all releases

Key statistics

  • Total new capital expenditure fell by 0.3%
  • Buildings and structures fell by 2.5%
  • Equipment, plant and machinery rose by 2.1%
  • Estimate 3 for 2022-23 is $146.4b. This is 11.7% higher than Estimate 2 for 2022-23
  Jun Qtr 22Mar Qtr 22 to Jun Qtr 22Jun Qtr 21 to Jun Qtr 22
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure33907-0.32.0
 Buildings and structures17220-2.51.0
 Equipment, plant and machinery166872.13.2

a. In volume terms
 

Notes on release

Trend series to be reinstated in September quarter 2022

The New Capital Expenditure trend series will be reinstated in September quarter 2022.

Extraordinary Annual Seasonal Review (EASR)

The Extraordinary Annual Seasonal Review undertaken this quarter has individually assessed each series to determine how each observation from recent years 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 the decision was made to revert these series to concurrent adjustment. The forward factors method is no longer used for any New Capital Expenditure series.

Revisions arising from the annual review are relatively minor for most series, but series which previously used forward factors are likely to have larger revisions.

New capital expenditure in seasonally adjusted volume terms

Total capital expenditure

  • Total new capital expenditure fell 0.3%
     

Buildings and structures

  • Buildings and structures fell 2.5%
     

Equipment and machinery

  • Equipment, plant and machinery rose 2.1%
     

Mining and non-mining

  • Mining fell 0.3% 
  • Non-mining fell 0.3%

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:

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 begins

12 months

Nil

Nil

2.

Apr-May, 2-3 months before period begins

12 months

Nil

Nil

3.

Jul-Aug, at beginning of period

6 months

6 months

Nil

4.

Oct-Nov, 3-4 months into period

6 months

3 months

3 months

5.

Jan-Feb, 6-7 months into period

Nil

6 months

6 months

6.

Apr-May, 9-10 months into period

Nil

3 months

9 months

7.

Jul-Aug, at end of period

Nil

Nil

12 months

 

 

Total capital expenditure

  • Estimate 7 for 2021-22 is $142.4b
  • This is 0.6% lower than Estimate 6 for 2021-22
  • Estimate 3 for 2022-23 is $146.4b
  • This is 11.7% higher than Estimate 2 for 2022-23

Buildings and structures

  • Estimate 7 for 2021-22 is $74.7b
  • This is 3.5% lower than Estimate 6 for 2021-22
  • Estimate 3 for 2022-23 is $86.1b
  • This is 8.9% higher than Estimate 2 for 2022-23

Equipment, plant and machinery

  • Estimate 7 for 2021-22 is $67.7b
  • This is 2.8% higher than Estimate 6 for 2021-22
  • Estimate 3 for 2022-23 is $60.2b
  • This is 15.9% higher than Estimate 2 for 2022-23

Mining

  • Estimate 7 for 2021-22 is $41.6b
  • This is 2.2% lower than Estimate 6 for 2021-22
  • Estimate 3 for 2022-23 is $44.7b
  • This is 5.9% higher than Estimate 2 for 2022-23

Non-mining

  • Estimate 7 for 2021-22 is $100.8b
  • This is relatively unchanged from Estimate 6 for 2021-22
  • Estimate 3 for 2022-23 is $101.7b
  • This is 14.4% higher than Estimate 2 for 2022-23

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex
Mar Qtr 22 to Jun Qtr 22Jun Qtr 21 to Jun Qtr 22
% change% change
Mining-0.310.1
Manufacturing2.23.9
Electricity, Gas, Water and Waste-3.9-4.2
Construction8.18.2
Wholesale Trade-3.54.5
Retail Trade9.6-12.1
Accommodation and Food Services9.622.3
Transport, Postal and Warehousing-4.13.5
Information Media and Telecommunications-10.2-9.3
Financial and Insurance Services-1.53.5
Rental, Hiring and Real Estate8.17.0
Professional, Scientific and Technical Services6.81.5
Administrative and Support Services-5.8-7.7
Education and Training0.1-10.1
Health Care and Social Assistance-12.6-8.3
Arts and Recreation Services0.824.2
Other Services-25.4-54.8
Industry chain volume buildings and structures
Mar Qtr 22 to Jun Qtr 22Jun Qtr 21 to Jun Qtr 22
% change% change
Mining-2.98.2
Manufacturing7.71.8
Electricity, Gas, Water and Waste-5.3-4.6
Construction75.012.6
Wholesale Trade2.112.8
Retail Trade-2.4-9.6
Accommodation and Food Services28.254.5
Transport, Postal and Warehousing-11.2-12.5
Information Media and Telecommunications-15.9-9.9
Financial and Insurance Services-1.8-32.2
Rental, Hiring and Real Estate8.52.9
Professional, Scientific and Technical Services4.532.4
Administrative and Support Services-21.7-18.8
Education and Training3.6-7.1
Health Care and Social Assistance-8.5-4.5
Arts and Recreation Services0.922.6
Other Services11.2-16.8
Industry chain volume equipment and machinery
Mar Qtr 22 to Jun Qtr 22Jun Qtr 21 to Jun Qtr 22
% change% change
Mining6.214.4
Manufacturing0.44.7
Electricity, Gas, Water and Waste5.6-1.8
Construction6.08.0
Wholesale Trade-5.12.1
Retail Trade13.8-12.8
Accommodation and Food Services-0.96.1
Transport, Postal and Warehousing0.916.5
Information Media and Telecommunications17.2-7.2
Financial and Insurance Services-1.517.1
Rental, Hiring and Real Estate7.613.7
Professional, Scientific and Technical Services7.0-2.2
Administrative and Support Services-1.3-4.9
Education and Training-7.6-17.3
Health Care and Social Assistance-17.4-12.6
Arts and Recreation Services0.726.3
Other Services-37.5-64.4

State movements

State chain volume seasonally adjusted total capex
Mar Qtr 22 to Jun Qtr 22Jun Qtr 21 to Jun Qtr 22
% change% change
New South Wales0.4-5.2
Victoria7.76.4
Queensland-0.75.4
South Australia-0.1-2.9
Western Australia2.56.3
Tasmania 0.06.5
Northern Territory5.88.2
Australian Capital Territory-14.9-1.8

Data downloads

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Data files

Data Explorer datasets

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Please check the reference period when using Data Explorer.

Private New Capital Expenditure and Expected Expenditure - estimates of actual and expected new capital expenditure by private businesses for selected industries in Australia

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Previous catalogue number

This release previously used catalogue number 5625.0.

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