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
September 2021
Released
25/11/2021
  • 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
  • Next Release 1/09/2022
    Private New Capital Expenditure and Expected Expenditure, Australia, June 2022
  • View all releases

Key statistics

  • Total new capital expenditure fell by 2.2%
  • Buildings and structures fell by 0.2%
  • Equipment, plant and machinery fell by 4.1%
  • Estimate 4 for 2021-22 is $138.6b. This is 8.7% higher than Estimate 3 for 2021-22
  Sep Qtr 21Jun Qtr 21 to Sep Qtr 21Sep Qtr 20 to Sep Qtr 21
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure

32 699

-2.2

12.9

 Buildings and structures

16 922

-0.2

9.0

 Equipment, plant and machinery

15 777

-4.1

17.4

a. In volume terms
 

Notes on release

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.

Chain volume estimates re-referenced to 2019-20

Each September quarter, the reference and base year for chain volume estimates for the Survey of Private New Capital Expenditure are updated. A new base year, 2019-20, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2019-20. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of but not the movements in chain volume estimates.

New capital expenditure in seasonally adjusted volume terms

Total capital expenditure

  • Total new capital expenditure fell 2.2%
     

Buildings and structures

  • Buildings and structures fell 0.2%
     

Equipment and machinery

  • Equipment, plant and machinery fell 4.1%
     

Mining and non-mining

  • Mining rose 1.2% 
  • Non-mining fell 3.4%

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 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 4 for 2021-22 is $138.6b
  • This is 8.7% higher than Estimate 3 for 2021-22
     

Buildings and structures

  • Estimate 4 for 2021-22 is $78.6b
  • This is 5.8% higher than Estimate 3 for 2021-22

Equipment, plant and machinery

  • Estimate 4 for 2021-22 is $60.1b
  • This is 12.8% higher than Estimate 3 for 2021-22

Mining

  • Estimate 4 for 2021-22 is $41.8b
  • This is 5.1% higher than Estimate 3 for 2021-22

Non-mining

  • Estimate 4 for 2021-22 is $96.8b
  • This is 10.3% higher than Estimate 3 for 2021-22

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex
Jun Qtr 21 to Sep Qtr 21Sep Qtr 20 to Sep Qtr 21
% change% change
Mining 1.2 4.5
Manufacturing -5.8 7.4
Electricity, Gas, Water and Waste -2.9 7.7
Construction -0.9 35.1
Wholesale Trade 9.1 27.1
Retail Trade -14.6 11.4
Accommodation and Food Services -0.7 26.8
Transport, Postal and Warehousing -1.4 38.6
Information Media and Telecommunications -5.8 18.1
Financial and Insurance Services -3.2 2.8
Rental, Hiring and Real Estate -3.3 19.7
Professional, Scientific and Technical Services -10.8 0.9
Administrative and Support Services -13.6 -2.0
Education and Training -7.3 -7.0
Health Care and Social Assistance 10.2 9.4
Arts and Recreation Services 20.9 47.7
Other Services -16.2 22.4
Industry chain volume buildings and structures
Jun Qtr 21 to Sep Qtr 21Sep Qtr 20 to Sep Qtr 21
% change% change
Mining 2.5 6.9
Manufacturing -15.1 0.7
Electricity, Gas, Water and Waste -2.5 9.3
Construction -73.6 -61.9
Wholesale Trade 21.4 53.1
Retail Trade 8.8 15.0
Accommodation and Food Services 2.8 41.9
Transport, Postal and Warehousing -1.3 18.0
Information Media and Telecommunications -4.3 19.4
Financial and Insurance Services -13.6 13.5
Rental, Hiring and Real Estate -1.2 7.6
Professional, Scientific and Technical Services -3.8 -14.4
Administrative and Support Services -36.8 41.2
Education and Training 3.1 1.4
Health Care and Social Assistance 12.7 4.7
Arts and Recreation Services 14.0 -4.9
Other Services -26.6 -19.8
Industry chain volume equipment and machinery
Jun Qtr 21 to Sep Qtr 21Sep Qtr 20 to Sep Qtr 21
% change% change
Mining -1.9 -0.9
Manufacturing -2.4 9.7
Electricity, Gas, Water and Waste -5.3 -1.5
Construction 2.9 39.9
Wholesale Trade 5.6 20.4
Retail Trade -20.8 10.0
Accommodation and Food Services -2.8 19.4
Transport, Postal and Warehousing -1.5 60.7
Information Media and Telecommunications -10.8 13.4
Financial and Insurance Services 0.8 0.0
Rental, Hiring and Real Estate -6.8 48.1
Professional, Scientific and Technical Services -11.6 3.0
Administrative and Support Services -8.0 -6.8
Education and Training -32.5 -29.2
Health Care and Social Assistance 7.4 15.7
Arts and Recreation Services 25.6 121.9
Other Services -13.5 38.3

State movements

State chain volume seasonally adjusted total capex
Jun Qtr 21 to Sep Qtr 21Sep Qtr 20 to Sep Qtr 21
% change% change
New South Wales -8.5 12.8
Victoria -1.6 19.2
Queensland -0.7 0.2
South Australia 4.2 19.1
Western Australia -0.3 13.6
Tasmania 25.8 66.5
Northern Territory 2.3 62.0
Australian Capital Territory -16.7 3.8

Data downloads

Please note, we will be progressively transitioning to releasing Excel files in .XLSX format from 3 December 2021.

Data downloads

Data files

ABS.Stat datasets

Caution: Data in ABS.Stat is currently released after the 11:30am release on the ABS website. Please check the reference period when using ABS.Stat.

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

ABS.Stat is updating and the above datasets are now available in 'Data Explorer'. 

The data available in Data Explorer is similar to ABS.Stat but with a new interface and added functionality.

For more information about Data Explorer and to see what's changed, see the Data Explorer user guide.

The current version of ABS.Stat will be removed at the end of 2021.

Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website.

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

Previous catalogue number

This release previously used catalogue number 5625.0.