DECEMBER KEY FIGURES

		Dec Qtr 17	Sep Qtr 17 to Dec Qtr 17	Dec Qtr 16 to Dec Qtr 17
		$m	% change	% change
Trend estimates(a)
	Total new capital expenditure	29 698	0.8	4.4
	Buildings and structures	16 328	-0.2	2.7
	Equipment, plant and machinery	13 370	2.1	6.5
Seasonally adjusted(a)
	Total new capital expenditure	29 572	-0.2	4.0
	Buildings and structures	16 186	-2.1	1.5
	Equipment, plant and machinery	13 386	2.2	7.2
(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 rose by 0.8% in the December quarter 2017 while the seasonally adjusted estimate fell by 0.2%.
• The trend volume estimate for buildings and structures fell by 0.2% in the December quarter 2017 while the seasonally adjusted estimate fell by 2.1%.
• The trend volume estimate for equipment, plant and machinery rose by 2.1% in the December quarter 2017 while the seasonally adjusted estimate rose by 2.2%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

• This issue includes the fifth estimate (Estimate 5) for 2017-18 and the first estimate (Estimate 1) for 2018-19.
• Estimate 5 for 2017-18 is $114,599m. This is 2.5% higher than Estimate 5 for 2016-17. Estimate 5 is 4.9% higher than Estimate 4 for 2017-18.
• Estimate 1 for 2018-19 is $84,044m. This is 3.5% higher than Estimate 1 for 2017-18.
• See pages 7-10 for further commentary on expectations data.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2018	31 May 2018
June 2018	30 August 2018
September 2018	29 November 2018
December 2018	28 February 2019

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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