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
December 2022
Released
23/02/2023

Key statistics

  • Total new capital expenditure rose by 2.2%
  • Buildings and structures rose by 3.6%
  • Equipment, plant and machinery rose by 0.6%
  • Estimate 1 for 2023-24 is $129.7b. This is 11.1% higher than Estimate 1 for 2022-23
  Dec Qtr 22Sep Qtr 22 to Dec Qtr 22Dec Qtr 21 to Dec Qtr 22
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure350162.23.6
 Buildings and structures185363.63.8
 Equipment, plant and machinery164800.63.4
Trend(a)    
 Total new capital expenditure347921.02.9
 Buildings and structures182871.93.1
 Equipment, plant and machinery164890.02.6

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 1.0%

  • The seasonally adjusted estimate for total new capital expenditure rose 2.2% 

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 1.9% 

  • The seasonally adjusted estimate for buildings and structures rose 3.6%

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.

Equipment and machinery

  • The trend estimate for equipment, plant and machinery was relatively unchanged (0.0%) 

  • The seasonally adjusted estimate for equipment, plant and machinery rose 0.6% 

Mining and non-mining

  • The trend estimate for Mining fell 1.6%
  • The seasonally adjusted estimate for Mining rose 0.7% 
  • The trend estimate for Non-mining rose 2.0%
  • The seasonally adjusted estimate for Non-mining rose 2.8%

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 5 for 2022-23 is $158.7b
  • This is 2.2% higher than Estimate 4 for 2022-23
  • Estimate 1 for 2023-24 is $129.7b
  • This is 11.1% higher than Estimate 1 for 2022-23

Buildings and structures

  • Estimate 5 for 2022-23 is $88.6b

  • This is 0.8% lower than Estimate 4 for 2022-23

  • Estimate 1 for 2023-24 is $77.8b

  • This is 10.1% higher than Estimate 1 for 2022-23

     

Equipment, plant and machinery

  • Estimate 5 for 2022-23 is $70.1b

  • This is 6.3% higher than Estimate 4 for 2022-23

  • Estimate 1 for 2023-24 is $51.9b

  • This is 12.5% higher than Estimate 1 for 2022-23

Mining

  • Estimate 5 for 2022-23 is $46.6b

  • This is 0.2% lower than Estimate 4 for 2022-23

  • Estimate 1 for 2023-24 is $41.4b

  • This is 7.4% higher than Estimate 1 for 2022-23

Non-mining

  • Estimate 5 for 2022-23 is $112b

  • This is 3.2% higher than Estimate 4 for 2022-23

  • Estimate 1 for 2023-24 is $88.3b

  • This is 12.9% higher than Estimate 1 for 2022-23

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex
Sep Qtr 22 to Dec Qtr 22Dec Qtr 21 to Dec Qtr 22
% change% change
Mining0.7-1.8
Manufacturing-3.1-0.7
Electricity, Gas, Water and Waste1.816.6
Construction-13.3-9.9
Wholesale Trade-0.8-2.0
Retail Trade10.30.8
Accommodation and Food Services19.315.9
Transport, Postal and Warehousing3.520.4
Information Media and Telecommunications-0.9-9.2
Financial and Insurance Services4.20.3
Rental, Hiring and Real Estate2.915.2
Professional, Scientific and Technical Services11.718.7
Administrative and Support Services3.9-24.2
Education and Training17.02.0
Health Care and Social Assistance0.1-2.0
Arts and Recreation Services1.5-3.5
Other Services41.334.1
Industry chain volume buildings and structures
Sep Qtr 22 to Dec Qtr 22Dec Qtr 21 to Dec Qtr 22
% change% change
Mining3.1-3.6
Manufacturing14.026.3
Electricity, Gas, Water and Waste2.518.8
Construction-2.6-67.3
Wholesale Trade-4.1-0.4
Retail Trade1.6-27.9
Accommodation and Food Services25.641.8
Transport, Postal and Warehousing7.624.6
Information Media and Telecommunications-2.4-10.4
Financial and Insurance Services47.3-9.5
Rental, Hiring and Real Estate-0.220.3
Professional, Scientific and Technical Services36.2-34.1
Administrative and Support Services15.4-48.3
Education and Training6.32.3
Health Care and Social Assistance-4.99.0
Arts and Recreation Services-12.7-22.0
Other Services67.122.3
Industry chain volume equipment and machinery
Sep Qtr 22 to Dec Qtr 22Dec Qtr 21 to Dec Qtr 22
% change% change
Mining-5.23.3
Manufacturing-9.3-9.5
Electricity, Gas, Water and Waste-3.02.6
Construction-13.5-6.2
Wholesale Trade0.1-2.6
Retail Trade12.711.9
Accommodation and Food Services15.84.5
Transport, Postal and Warehousing0.417.2
Information Media and Telecommunications5.0-4.8
Financial and Insurance Services-2.42.9
Rental, Hiring and Real Estate9.17.1
Professional, Scientific and Technical Services8.735.9
Administrative and Support Services2.3-17.9
Education and Training63.51.6
Health Care and Social Assistance7.2-13.2
Arts and Recreation Services14.616.3
Other Services34.938.0

State movements

State chain volume seasonally adjusted total capex
Sep Qtr 22 to Dec Qtr 22Dec Qtr 21 to Dec Qtr 22
% change% change
New South Wales-0.74.4
Victoria7.49.4
Queensland-2.6-2.4
South Australia3.86.3
Western Australia2.00.2
Tasmania-5.512.5
Northern Territory20.139.2
Australian Capital Territory8.5-14.1

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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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