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
March 2022
Released
26/05/2022
  • 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
  • Next Release 23/02/2023
    Private New Capital Expenditure and Expected Expenditure, Australia, December 2022
  • View all releases

Key statistics

  • Total new capital expenditure fell by 0.3%
  • Buildings and structures fell by 1.7%
  • Equipment, plant and machinery rose by 1.2%
  • Estimate 2 for 2022-23 is $130.5b. This is 11.8% higher than Estimate 1 for 2022-23
  Mar Qtr 22Dec Qtr 21 to Mar Qtr 22Mar Qtr 21 to Mar Qtr 22
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure33564-0.34.5
 Buildings and structures17342-1.77.1
 Equipment, plant and machinery162221.21.8

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 fell 0.3%
     

Buildings and structures

  • Buildings and structures fell 1.7%
     

Equipment and machinery

  • Equipment, plant and machinery rose 1.2%
     

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 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 6 for 2021-22 is $142.8b
  • This is 1.4% higher than Estimate 5 for 2021-22
  • Estimate 2 for 2022-23 is $130.5b
  • This is 11.8% higher than Estimate 1 for 2022-23

Buildings and structures

  • Estimate 6 for 2021-22 is $77.1b
  • This is 3.0% lower than Estimate 5 for 2021-22
  • Estimate 2 for 2022-23 is $78.8b
  • This is 11.7% higher than Estimate 1 for 2022-23

Equipment, plant and machinery

  • Estimate 6 for 2021-22 is $65.7b
  • This is 7.0% higher than Estimate 5 for 2021-22
  • Estimate 2 for 2022-23 is $51.7b
  • This is 11.9% higher than Estimate 1 for 2022-23

Mining

  • Estimate 6 for 2021-22 is $42.1b
  • This is 1.9% lower than Estimate 5 for 2021-22
  • Estimate 2 for 2022-23 is $41.9b
  • This is 8.8% higher than Estimate 1 for 2022-23

Non-mining

  • Estimate 6 for 2021-22 is $100.7b
  • This is 2.8% higher than Estimate 5 for 2021-22
  • Estimate 2 for 2022-23 is $88.6b
  • This is 13.3% higher than Estimate 1 for 2021-22

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex
Dec Qtr 21 to Mar Qtr 22Mar Qtr 21 to Mar Qtr 22
% change% change
Mining-0.39.7
Manufacturing-1.5-6.9
Electricity, Gas, Water and Waste9.99.3
Construction-7.1-6.9
Wholesale Trade6.13.9
Retail Trade-11.4-16.3
Accommodation and Food Services-6.1-0.1
Transport, Postal and Warehousing7.816.1
Information Media and Telecommunications-6.117.5
Financial and Insurance Services7.05.4
Rental, Hiring and Real Estate4.311.0
Professional, Scientific and Technical Services5.4-9.2
Administrative and Support Services-6.66.2
Education and Training-17.1-7.4
Health Care and Social Assistance-2.43.7
Arts and Recreation Services-16.327.6
Other Services-9.6-24.1
Industry chain volume buildings and structures
Dec Qtr 21 to Mar Qtr 22Mar Qtr 21 to Mar Qtr 22
% change% change
Mining-3.310.9
Manufacturing-0.9-10.6
Electricity, Gas, Water and Waste11.913.5
Construction-49.5-27.4
Wholesale Trade13.150.0
Retail Trade-25.4-25.2
Accommodation and Food Services8.113.4
Transport, Postal and Warehousing7.310.2
Information Media and Telecommunications-1.021.6
Financial and Insurance Services-7.37.1
Rental, Hiring and Real Estate 0.0-1.0
Professional, Scientific and Technical Services-45.5-29.7
Administrative and Support Services-1.2-20.6
Education and Training-20.0-1.6
Health Care and Social Assistance4.13.0
Arts and Recreation Services-24.118.3
Other Services-9.6-38.5
Industry chain volume equipment and machinery
Dec Qtr 21 to Mar Qtr 22Mar Qtr 21 to Mar Qtr 22
% change% change
Mining7.77.0
Manufacturing-1.6-5.7
Electricity, Gas, Water and Waste-2.6-14.2
Construction-4.4-6.0
Wholesale Trade4.3-4.4
Retail Trade-6.3-13.3
Accommodation and Food Services-12.3-6.1
Transport, Postal and Warehousing8.120.5
Information Media and Telecommunications-25.20.3
Financial and Insurance Services10.75.0
Rental, Hiring and Real Estate11.334.7
Professional, Scientific and Technical Services22.0-5.1
Administrative and Support Services-8.016.9
Education and Training-9.1-19.3
Health Care and Social Assistance-8.84.6
Arts and Recreation Services-7.435.5
Other Services-9.5-18.6

State movements

State chain volume seasonally adjusted total capex
Dec Qtr 21 to Mar Qtr 22Mar Qtr 21 to Mar Qtr 22
% change% change
New South Wales-3.3-1.4
Victoria-3.64.6
Queensland1.78.4
South Australia-7.6-5.3
Western Australia2.35.2
Tasmania-4.810.2
Northern Territory3.4101.0
Australian Capital Territory3.356.0

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

Previous catalogue number

This release previously used catalogue number 5625.0.