Private New Capital Expenditure and Expected Expenditure, Australia

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

Reference period
March 2023
Released
1/06/2023

Key statistics

  • Total new capital expenditure rose by 2.4%
  • Buildings and structures rose by 1.3%
  • Equipment, plant and machinery rose by 3.7%
  • Estimate 2 for 2023-24 is $137.6b. This is 6.4% higher than Estimate 1 for 2023-24
  Mar Qtr 23Dec Qtr 22 to Mar Qtr 23Mar Qtr 22 to Mar Qtr 23
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure361212.46.3
 Buildings and structures190441.36.8
 Equipment, plant and machinery170773.75.8
Trend(a)    
 Total new capital expenditure359692.26.0
 Buildings and structures190802.97.8
 Equipment, plant and machinery168531.33.9

a. In volume terms
 

New capital expenditure in seasonally adjusted volume terms

Total new capital expenditure

  • The trend estimate for total new capital expenditure rose 2.2%

  • The seasonally adjusted estimate for total new capital expenditure rose 2.4% 

a. Trend break added to 'Total new capital expenditure' trend series for June 2020, Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Buildings and structures

  • The trend estimate for buildings and structures rose 2.9% 

  • The seasonally adjusted estimate for buildings and structures rose 1.3%

a. Trend break added to 'Buildings and Structures new capital expenditure' trend series for Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Equipment and machinery

  • The trend estimate for equipment, plant and machinery rose 1.3%

  • The seasonally adjusted estimate for equipment, plant and machinery rose 3.7% 

a. Trend break added to 'Equipment and machinery new capital expenditure' trend series for Mar 2007.

Mining and non-mining

  • The trend estimate for Mining rose 1.1%
  • The seasonally adjusted estimate for Mining rose 1.7% 
  • The trend estimate for Non-mining rose 2.5%
  • The seasonally adjusted estimate for Non-mining rose 2.7%

a. Trend break added to 'Total non-mining capital expenditure' trend series for Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

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 6 for 2022-23 is $162.6b
  • This is 2.7% higher than Estimate 5 for 2022-23
  • Estimate 2 for 2023-24 is $137.6b
  • This is 6.4% higher than Estimate 1 for 2023-24

Buildings and structures

  • Estimate 6 for 2022-23 is $88.9b

  • This is relatively unchanged from Estimate 5 for 2022-23

  • Estimate 2 for 2023-24 is $83.0b

  • This is 6.4% higher than Estimate 1 for 2023-24

     

Equipment and machinery

  • Estimate 6 for 2022-23 is $73.7b

  • This is 6.1% higher than Estimate 5 for 2022-23

  • Estimate 2 for 2023-24 is $54.6b

  • This is 6.4% higher than Estimate 1 for 2023-24

Mining

  • Estimate 6 for 2022-23 is $46.8b

  • This is 0.5% lower than Estimate 5 for 2022-23

  • Estimate 2 for 2023-24 is $42.8b

  • This is 2.7% higher than Estimate 1 for 2023-24

Non-mining

  • Estimate 6 for 2022-23 is $115.8b

  • This is 4.0% higher than Estimate 5 for 2022-23

  • Estimate 2 for 2023-24 is $94.8b

  • This is 8.1% higher than Estimate 1 for 2023-24

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex
Dec Qtr 22 to Mar Qtr 23Mar Qtr 22 to Mar Qtr 23
% change% change
Mining1.70.9
Manufacturing8.916.9
Electricity, Gas, Water and Waste6.314.9
Construction-19.1-29.4
Wholesale Trade1.1-10.5
Retail Trade6.018.5
Accommodation and Food Services-2.815.9
Transport, Postal and Warehousing7.119.3
Information Media and Telecommunications0.6-0.7
Financial and Insurance Services-3.7-7.2
Rental, Hiring and Real Estate4.612.7
Professional, Scientific and Technical Services-6.33.0
Administrative and Support Services12.31.4
Education and Training4.432.1
Health Care and Social Assistance2.8-0.5
Arts and Recreation Services2.26.0
Other Services6.975.3
Industry chain volume buildings and structures
Dec Qtr 22 to Mar Qtr 23Mar Qtr 22 to Mar Qtr 23
% change% change
Mining0.3-0.1
Manufacturing2.336.8
Electricity, Gas, Water and Waste2.311.0
Construction124.483.6
Wholesale Trade-4.3-17.4
Retail Trade22.19.5
Accommodation and Food Services6.032.1
Transport, Postal and Warehousing-2.311.6
Information Media and Telecommunications-3.0-10.9
Financial and Insurance Services-30.3-33.9
Rental, Hiring and Real Estate6.125.8
Professional, Scientific and Technical Services10.220.9
Administrative and Support Services11.9-41.3
Education and Training4.936.4
Health Care and Social Assistance3.86.6
Arts and Recreation Services-15.0-18.6
Other Services-43.4-29.4
Industry chain volume equipment and machinery
Dec Qtr 22 to Mar Qtr 23Mar Qtr 22 to Mar Qtr 23
% change% change
Mining5.23.3
Manufacturing12.010.0
Electricity, Gas, Water and Waste36.244.2
Construction-23.1-32.8
Wholesale Trade2.7-8.4
Retail Trade1.921.6
Accommodation and Food Services-8.06.9
Transport, Postal and Warehousing14.525.0
Information Media and Telecommunications13.252.8
Financial and Insurance Services2.4-0.8
Rental, Hiring and Real Estate1.6-6.5
Professional, Scientific and Technical Services-8.9 0.0
Administrative and Support Services12.413.2
Education and Training3.121.1
Health Care and Social Assistance1.3-8.6
Arts and Recreation Services14.726.4
Other Services20.5116.1

State movements

State chain volume seasonally adjusted total capex
Dec Qtr 22 to Mar Qtr 23Mar Qtr 22 to Mar Qtr 23
% change% change
New South Wales1.07.6
Victoria3.414.1
Queensland8.96.8
South Australia-0.415.4
Western Australia0.4-0.8
Tasmania-21.0-12.8
Northern Territory-20.51.7
Australian Capital Territory-6.1-25.9

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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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