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 2020
Released
27/08/2020
Future releases
  • Next Release 26/11/2020
    Private New Capital Expenditure and Expected Expenditure, Australia, September 2020
  • Next Release 25/02/2021
    Private New Capital Expenditure and Expected Expenditure, Australia, December 2020
  • Next Release 27/05/2021
    Private New Capital Expenditure and Expected Expenditure, Australia, March 2021
  • View all releases

Key statistics

  • Total new capital expenditure fell by -5.9% in the June quarter 2020.
  • Buildings and structures fell by -4.4% in the June quarter 2020. 
  • Equipment, plant and machinery fell by -7.6% in the June quarter 2020. 

Main features

June key figures

  Jun Qtr 20Mar Qtr 19 to Jun Qtr 20Jun Qtr 19 to Jun Qtr 20
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure26 130-5.9-11.5
 Buildings and structures14 011-4.4-9.4
 Equipment, plant and machinery12 119-7.6-13.8
a. In volume terms
 
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June key points

Actual expenditure (seasonally adjusted in volume terms)

  • Total new capital expenditure fell by -5.9% in the June quarter 2020. This follows a fall of -2.1% in the March quarter 2020.
  • Buildings and structures fell by -4.4% in the June quarter 2020. This follows a fall of -1.1% in the March quarter 2020.
  • Equipment, plant and machinery fell by -7.6% in the June quarter 2020. This follows a fall of -3.1% in the March quarter 2020.
     

Expected expenditure (current price terms)

  • This issue includes the seventh estimate (Estimate 7) for 2019-20 and the third estimate (Estimate 3) for 2020-21.
  • Estimate 7 for 2019-20 is $116,839m. This is -4.3% lower than Estimate 7 for 2018-19.
  • Estimate 7 is 1.3% higher than Estimate 6 for 2019-20.
  • Estimate 3 for 2020-21 is $98,624m. This is -12.6% lower than Estimate 3 for 2019-20.
  • Estimate 3 is 8.9% higher than Estimate 2 for 2020-21.
     

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.

    Update to seasonal adjustment methods

    New Capital Expenditure uses the concurrent seasonal adjustment method, meaning that seasonal factors are re-estimated each time a new data point becomes available. If not appropriately accounted for, unusual real-world events such as COVID-19 can distort estimates calculated using this method.

    From June quarter 2020 for selected series, seasonal factors will be calculated using data up to and including March quarter 2020, then projected from June quarter 2020 onwards. This approach, known as the forward factor method, ensures that the seasonal factors are not distorted for industries affected by COVID-19 impacts. Switching to the forward factor method may result in revisions in seasonal data for future quarters when the concurrent seasonal adjustment method is reinstated.

    Actual new capital expenditure in seasonally adjusted volume terms

    Total capital expenditure

    • Total new capital expenditure fell -5.9% in the June quarter 2020.
       
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    Buildings and structures

    • Buildings and structures fell -4.4% in the June quarter 2020.
       
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    Equipment and machinery

    • Equipment, plant and machinery fell -7.6% in the June quarter 2020.
       
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    Mining

    • Mining fell -1.2% in the June quarter 2020.
       
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    Manufacturing

    • Manufacturing fell -4.5% in the June quarter 2020.
       
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    Other selected industries

    • Other Selected Industries fell -8.4% in the June quarter 2020.
       
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    Actual and expected new capital expenditure

    Financial years at current prices

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

    The timing and construction 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 7 for 2019-20 is $116,839m. This is 1.3% higher than Estimate 6 for 2019-20.
    • Estimate 3 for 2020-21 is $98,624m. This is 8.9% higher than Estimate 2 for 2020-21.
       
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    Buildings and structures

    • Estimate 7 for 2019-20 is $61,628m. This is -1.9% lower than Estimate 6 for 2019-20.
    • Estimate 3 for 2020-21 is $60,023m. This is 11.0% higher than Estimate 2 for 2020-21.
       
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    Equipment, plant and machinery

    • Estimate 7 for 2019-20 is $55,211m. This is 5.3% higher than Estimate 6 for 2019-20.
    • Estimate 3 for 2020-21 is $38,601m. This is 5.9% higher than Estimate 2 for 2020-21.
       
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    Mining

    • Estimate 7 for 2019-20 is $35,152m. This is -0.9% lower than Estimate 6 for 2019-20.
    • Estimate 3 for 2020-21 is $38,235m. This is 7.0% higher than Estimate 2 for 2020-21.
       
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    Manufacturing

    • Estimate 7 for 2019-20 is $9,755m. This is 2.4% higher than Estimate 6 for 2019-20.
    • Estimate 3 for 2020-21 is $8,188m. This is 13.5% higher than Estimate 2 for 2020-21.
       
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    Other selected industries

    • Estimate 7 for 2019-20 is $71,932m. This is 2.3% higher than Estimate 6 for 2019-20.
    • Estimate 3 for 2020-21 is $52,202m. This is 9.7% higher than Estimate 2 for 2020-21.
       
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    Inquiries

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    Data downloads

    Table 1A. Actual expenditure by type of asset and industry - current prices $m

    Table 1B. Expected expenditure - short term, by type of asset and industry - current prices $m

    Table 1C. Expected expenditure - long term, by type of asset and industry - current prices $m

    Table 1E. Actual expenditure, by type of asset and industry - seasonally adjusted current prices $m

    Table 1F. Actual expenditure, by type of asset and industry - trend current prices $m

    Table 2A. Actual expenditure, detailed industries - current prices $m

    Table 2B. Expected expenditure, short term, detailed industries - current prices $m (a)

    Table 2C. Expected expenditure, long term, detailed industries - current prices $m (a)

    Table 2E. Actual expenditure, detailed industries - seasonally adjusted current prices $m

    Table 2F. Actual expenditure, detailed industries - trend current prices $m

    Table 3A. Actual expenditure, by type of asset - chain volume measures $m

    Table 3B. Actual expenditure, by type of industry - chain volume measures $m

    Table 4A. Actual expenditure, by type of asset and state - current prices: original $m

    Table 4B. Actual expenditure, by type of asset and state - current prices: seasonally adjusted $m

    Table 4C. Actual expenditure, by type of asset and state - current prices: trend $m

    Table 5A. Actual expenditure, by type of asset and state - chain volume measures: original $m

    Table 5B. Actual expenditure, by type of asset and state - chain volume measures: seasonally adjusted $m

    Table 5C. Actual expenditure, by type of asset and state - chain volume measures: trend $m

    Table 6A. Actual and expected capital expenditure by asset - New South Wales: current prices $m

    Table 6B. Actual and expected capital expenditure by industry - New South Wales: current prices $m

    Table 7A. Actual and expected capital expenditure by asset - Victoria: current prices $m

    Table 7B. Actual and expected capital expenditure by industry - Victoria: current prices $m

    Table 8A. Actual and expected capital expenditure by asset - Queensland: current prices $m

    Table 8B. Actual and expected capital expenditure by industry - Queensland: current prices $m

    Table 9A. Actual and expected capital expenditure by asset - South Australia: current prices $m

    Table 9B. Actual and expected capital expenditure by industry - South Australia: current prices $m

    Table 10A. Actual and expected capital expenditure by asset - Western Australia: current prices $m

    Table 10B. Actual and expected capital expenditure by industry - Western Australia: current prices $m

    Table 11A. Actual and expected capital expenditure by asset - Tasmania: current prices $m

    Table 11B. Actual and expected capital expenditure by industry - Tasmania: current prices $m

    Table 12A. Financial year estimates combining actual and expected expenditure by type of asset and industry - current prices

    Table 12B. Realisation ratios comparing actual to expected expenditure by type of asset and industry - current prices

    Table 13A. Experimental estimates of education and health - actual expenditure by type of asset and state/territory - current prices

    Table 13B. Experimental estimates of education and health - financial year estimates combining actual and expected expenditure by type of asset and industry - current Prices

    Table 13C. Experimental estimates of education and health - realisation ratios comparing actual to expected expenditure by type of asset and industry - current prices

    All time series spreadsheets

    Previous catalogue number

    This release previously used catalogue number 5625.0.