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
December 2021
Released
24/02/2022
  • 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
  • Next Release 1/12/2022
    Private New Capital Expenditure and Expected Expenditure, Australia, September 2022
  • View all releases

Key statistics

  • Total new capital expenditure rose by 1.1%
  • Buildings and structures rose by 2.2%
  • Equipment, plant and machinery fell by 0.1%
  • Estimate 1 for 2022-23 is $116.7b. This is 10.8% higher than Estimate 1 for 2021-22
  Dec Qtr 21Sep Qtr 21 to Dec Qtr 21Dec Qtr 20 to Dec Qtr 21
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure333391.19.8
 Buildings and structures174492.211.2
 Equipment, plant and machinery15890-0.18.4

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.

New capital expenditure in seasonally adjusted volume terms

Total capital expenditure

  • Total new capital expenditure rose 1.1%
     

Buildings and structures

  • Buildings and structures rose 2.2%
     

Equipment and machinery

  • Equipment, plant and machinery fell 0.1%
     

Mining and non-mining

  • Mining rose 2.6% 
  • Non-mining rose 0.5%

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 5 for 2021-22 is $140.8b
  • This is 1.6% higher than Estimate 4 for 2021-22
  • Estimate 1 for 2022-23 is $116.7b
  • This is 10.8% higher than Estimate 1 for 2021-22

Buildings and structures

  • Estimate 5 for 2021-22 is $79.4b
  • This is 1.0% higher than Estimate 4 for 2021-22
  • Estimate 1 for 2022-23 is $71.0b
  • This is 7.4% higher than Estimate 1 for 2021-22

Equipment, plant and machinery

  • Estimate 5 for 2021-22 is $61.3b
  • This is 2.3% higher than Estimate 4 for 2021-22
  • Estimate 1 for 2022-23 is $45.7b
  • This is 16.7% higher than Estimate 1 for 2021-22

Mining

  • Estimate 5 for 2021-22 is $42.7b
  • This is 1.2% higher than Estimate 4 for 2021-22
  • Estimate 1 for 2022-23 is $38.5b
  • This is 5.7% higher than Estimate 1 for 2021-22

Non-mining

  • Estimate 5 for 2021-22 is $98.1b
  • This is 1.7% higher than Estimate 4 for 2021-22
  • Estimate 1 for 2022-23 is $78.2b
  • This is 13.5% higher than Estimate 1 for 2021-22

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex
Sep Qtr 21 to Dec Qtr 21Dec Qtr 20 to Dec Qtr 21
% change% change
Mining2.610.2
Manufacturing3.07.8
Electricity, Gas, Water and Waste-5.77.2
Construction3.313.5
Wholesale Trade-10.39.0
Retail Trade2.98.5
Accommodation and Food Services17.521.5
Transport, Postal and Warehousing-2.213.5
Information Media and Telecommunications8.420.3
Financial and Insurance Services-0.814.1
Rental, Hiring and Real Estate-4.48.2
Professional, Scientific and Technical Services-0.9-7.2
Administrative and Support Services14.4-1.3
Education and Training18.620.7
Health Care and Social Assistance0.7-2.5
Arts and Recreation Services3.379.5
Other Services-8.9-2.0
Industry chain volume buildings and structures
Sep Qtr 21 to Dec Qtr 21Dec Qtr 20 to Dec Qtr 21
% change% change
Mining4.514.1
Manufacturing7.19.6
Electricity, Gas, Water and Waste-6.74.3
Construction395.594.6
Wholesale Trade-21.936.8
Retail Trade5.716.9
Accommodation and Food Services-0.4-5.9
Transport, Postal and Warehousing-5.017.1
Information Media and Telecommunications10.023.8
Financial and Insurance Services-11.353.4
Rental, Hiring and Real Estate-5.70.5
Professional, Scientific and Technical Services117.235.2
Administrative and Support Services40.0-11.3
Education and Training11.517.5
Health Care and Social Assistance-5.6-16.2
Arts and Recreation Services40.290.7
Other Services14.3-16.1
Industry chain volume equipment and machinery
Sep Qtr 21 to Dec Qtr 21Dec Qtr 20 to Dec Qtr 21
% change% change
Mining-2.30.6
Manufacturing1.77.3
Electricity, Gas, Water and Waste0.928.7
Construction-1.510.6
Wholesale Trade-6.63.3
Retail Trade1.85.5
Accommodation and Food Services27.238.7
Transport, Postal and Warehousing0.111.1
Information Media and Telecommunications2.78.5
Financial and Insurance Services2.46.8
Rental, Hiring and Real Estate-2.423.8
Professional, Scientific and Technical Services-15.3-15.6
Administrative and Support Services10.00.9
Education and Training44.330.9
Health Care and Social Assistance7.515.1
Arts and Recreation Services-18.969.1
Other Services-13.93.2

State movements

State chain volume seasonally adjusted total capex
Sep Qtr 21 to Dec Qtr 21Dec Qtr 20 to Dec Qtr 21
% change% change
New South Wales5.68.8
Victoria0.913.0
Queensland2.76.6
South Australia-1.814.3
Western Australia-4.48.7
Tasmania-9.830.7
Northern Territory-1.67.4
Australian Capital Territory12.035.9

Data downloads

Data downloads

Data files

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.