DECEMBER KEY FIGURES

		Dec Qtr 16	Sep Qtr 16 to Dec Qtr 16	Dec Qtr 15 to Dec Qtr 16
		$m	% change	% change
Trend estimates(a)
	Total new capital expenditure	27 393	-3.1	-14.4
	Buildings and structures	15 171	-4.7	-24.1
	Equipment, plant and machinery	12 291	-0.4	2.2
Seasonally adjusted(a)
	Total new capital expenditure	27 579	-2.1	-15.5
	Buildings and structures	15 314	-4.1	-25.5
	Equipment, plant and machinery	12 264	0.4	1.5
(a) In volume terms

New Capital Expenditure, in volume terms

DECEMBER KEY POINTS


ACTUAL EXPENDITURE (VOLUME TERMS)

• The trend volume estimate for total new capital expenditure fell 3.1% in the December quarter 2016 and the seasonally adjusted estimate fell 2.1%.
• The trend volume estimate for buildings and structures fell 4.7% in the December quarter 2016 and the seasonally adjusted estimate fell 4.1%.
• The trend volume estimate for equipment, plant and machinery fell 0.4% in the December quarter 2016 while the seasonally adjusted estimate rose 0.4%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

• This issue includes the fifth estimate (Estimate 5) for 2016-17 and the first estimate (Estimate 1) for 2017-18.
• Estimate 5 for 2016-17 is $112,155m. This is 9.0% lower than Estimate 5 for 2015-16. Estimate 5 is 4.6% higher than Estimate 4 for 2016-17.
• Estimate 1 for 2017-18 is $80,625m. This is 3.9% lower than Estimate 1 for 2016-17.
• See pages 7-10 for further commentary on expectations data.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2017	1 June 2017
June 2017	31 August 2017
September 2017	30 November 2017
December 2017	1 March 2018

CHANGES TO THIS ISSUE

As with each December quarter, this issue includes expected capital expenditure by state. These data are available from the Downloads tab of this issue on the ABS website.


DATA NOTES

Mining projects tend to be complex in structure and comprise a number of different investment activities including exploration, engineering construction, plant and equipment and buildings. A feature article released in the March 2012 issue of Private New Capital Expenditure and Expected Expenditure, Australia (cat. no. 5625.0) provides a summary of the conceptual basis of the relevant ABS publications that measure investment in Australia, using a hypothetical mining project to illustrate how this investment is reflected in ABS data.


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