ACTUAL NEW CAPITAL EXPENDITURE IN VOLUME TERMS


TOTAL CAPITAL EXPENDITURE

The trend estimate for total new capital expenditure rose 2.9% in the September quarter 2008. Both capital expenditure asset types have experienced growth. By industry, continued strength in Mining has been the key driver of the increase. The seasonally adjusted series for total new capital expenditure rose 0.6% in the September quarter 2008.

BUILDINGS AND STRUCTURES

Buildings and structures trend estimate rose 2.4% in the September quarter 2008. Mining was the main contributor to this gain, rising 7.6% in trend terms. The seasonally adjusted estimate for buildings and structures rose 6.6% in the September quarter 2008.

EQUIPMENT, PLANT AND MACHINERY

The trend estimate for equipment, plant and machinery rose 3.1% in the September quarter 2008. Mining rose 4.9% and Other selected industries rose 3.7% in the quarter, against a fall for Manufacturing (-1.6%). The seasonally adjusted series fell 2.4% this quarter led by a decrease in Mining of 10.1%.

MINING

The trend estimate for Mining rose 7.2% in the September quarter 2008. The buildings and structures asset class rose 7.6% while equipment, plant and machinery rose 4.9% in trend terms. The seasonally adjusted September quarter estimate for Mining rose 7.1%. By asset class, buildings and structures continued to exhibit strength with a gain of 15.2% in the quarter compared to weakness in equipment, plant and machinery (-10.1%), in seasonally adjusted terms.

MANUFACTURING

The Manufacturing trend estimate fell 1.7% in the September quarter 2008. Both asset classes, buildings and structures and equipment, plant and machinery fell 1.6%. In seasonally adjusted terms the Manufacturing estimate fell 0.7%, which is the third consecutive quarterly decrease. Buildings and structures fell 2.6% while equipment, plant and machinery showed a slight increase (0.1%).

OTHER SELECTED INDUSTRIES

The trend estimate for Other selected industries rose 1.6% in the September quarter 2008. Buildings and structures fell 2.8% while equipment, plant and machinery rose 3.7%. The seasonally adjusted estimate for Other selected industries fell 2.9%. Buildings and structures fell 2.1% and equipment, plant and machinery fell 1.3%.