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DECEMBER KEY FIGURES
DECEMBER KEY POINTS ACTUAL EXPENDITURE
EXPECTED EXPENDITURE
NOTES CHANGES IN THIS ISSUE There are no changes in this issue.
BUILDINGS AND STRUCTURES The trend estimate for buildings and structures increased by 1.8% this quarter, the twelfth consecutive increase. Both Manufacturing and Mining increased this quarter (up 9.3% and 2.2% respectively) while Other selected industries remained relatively unchanged. EQUIPMENT, PLANT AND MACHINERY Trend estimates for equipment, plant and machinery increased by 3.6% in the December quarter 2004. The estimate has been increasing since June quarter 2001 and has grown strongly in the past two quarters. Mining and Other selected industries were responsible for this quarter's increase, while Manufacturing was flat. MINING The trend estimate for Mining increased by 2.6% this quarter, the second quarter of growth after three quarters of decreases. Buildings and structures has had steady growth over the past six quarters, with most of the increase over the past two quarters contributed by equipment, plant and machinery expenditure. MANUFACTURING Manufacturing trend estimates increased by 1.7%, the third consecutive quarter of growth. Buildings and structures has had strong growth for the past three quarters while equipment, plant and machinery has been relatively flat. OTHER SELECTED INDUSTRIES Trend estimates for Other selected industries increased by 3.5% in the December quarter 2004. The estimate has been increasing since September quarter 2001, with the rate of growth being relatively steady. Equipment, plant and machinery had strong growth this quarter (up 4.7%) at a similar rate to recent quarters, while buildings and structures was flat this quarter. ACTUAL AND EXPECTED NEW CAPITAL EXPENDITURE FINANCIAL YEARS AT CURRENT PRICES The graphs below show the seven estimates of actual and expected expenditure for each financial year. The estimates appearing below relate to data contained in tables 5 and 6. Advice about the application of realisation ratios to these estimates is in paragraphs 24 to 27 of the Explanatory Notes.
TOTAL CAPITAL EXPENDITURE The fifth estimate for 2004-05 is $54,896m, which is 8% higher than the comparable estimate for 2003-04 and slightly higher than the fourth estimate for 2004-05. Most industries are relatively unchanged since Estimate 4, with the exception of Construction, Wholesale and Retail, which have increased.
BUILDINGS AND STRUCTURES Estimate 5 for 2004-05 is 24% higher than Estimate 5 for 2003-04. Manufacturing has had the strongest increase (up 66%) with Mining, Construction and Wholesale also contributing strongly. Estimate 5 is relatively unchanged from the previous estimate for 2004-05.
EQUIPMENT, PLANT AND MACHINERY The fifth estimate for 2004-05 is relatively unchanged since the comparable estimate for 2003-04, and slightly higher than Estimate 4 for 2004-05. Increases from the fourth estimate in Construction (up 36%) and Retail (up 25%) have offset a fall in Mining (down 10%).
MINING Estimate 5 for 2004-05 for Mining is 7% higher than the corresponding estimate for 2003-04, but has fallen 6% since Estimate 4 for 2004-05. The decrease is contributed by both asset types.
MANUFACTURING The fifth estimate for 2004-05 is 14% higher than Estimate 5 for 2003-04, and is unchanged from the previous estimate for 2004-05. All the growth from 2003-04 has come from buildings and structures.
OTHER SELECTED INDUSTRIES Estimate 5 for 2004-05 has increased 6% since estimate 4, and is 7% higher than the comparable estimate for 2003-04. All the increase has come from equipment, plant and machinery.
EXPERIMENTAL PROJECTED CAPITAL EXPENDITURE IN CURRENT PRICE TERMS PROJECTED CAPITAL EXPENDITURE SERIES The projected series below apply historical realisation ratios to contemporary expectations to convert these to quarterly figures. Trend estimates of resultant quarterly time series of actual and expected expenditure are produced.
BUILDINGS AND STRUCTURES Trend estimates for buildings and structures have shown strong growth since June quarter 2002 in current price terms. Expectations indicate that this growth will continue at similar rates over the next six months, and will then start flatten out over the next financial year. Mining and Manufacturing are expecting a decrease over the next financial year which is offsetting strong growth in Other selected industries. EQUIPMENT, PLANT AND MACHINERY Current price trend estimates for equipment, plant and machinery have increased significantly over the past two quarters. However expectations indicate that the recent growth rates will not continue, and growth will flatten out into the next financial year. Over the next six months, Mining and Other selected industries are expected to decrease while Manufacturing expectations indicate a slight increase in expenditure. MINING Trend estimates for Mining have increased slightly for the past two quarters after a small period of decreases. Expectations indicate this growth will continue for the current financial year, and then start to decrease slightly over the 2005-06 financial year. Both equipment, plant and machinery and buildings and structures are contributing to the expected decrease. MANUFACTURING Manufacturing trend estimates in current price terms have been increasing for the past two quarters, after a period of decline. Expectations for the next six months indicate strong growth will occur until the end of the current financial year. The expected growth is across both asset types. However, expectations for 2005-06 indicate that this strong growth is temporary and that growth will decline over the next financial year. OTHER SELECTED INDUSTRIES Current price trend estimates for Other selected industries have increased significantly over recent quarters. Expectations for the current financial year indicate this growth will flatten out over the next six months. However, expectations indicate that there will be strong growth over the next financial year. Transport and Storage, Other Services and Property and Business are contributing to the expected increase. Document Selection These documents will be presented in a new window.
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5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Dec 2004
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/02/2005
This page last updated 20 June 2006