MARCH KEY FIGURES

		Mar Qtr 19	Dec Qtr 18 to Mar Qtr 19	Mar Qtr 18 to Mar Qtr 19
		$m	% change	% change
Trend estimates(a)
	Total new capital expenditure	29 451	-0.6	-0.8
	Buildings and structures	15 568	-1.4	-4.8
	Equipment, plant and machinery	13 899	0.4	4.2
Seasonally adjusted(a)
	Total new capital expenditure	29 291	-1.7	-1.9
	Buildings and structures	15 490	-2.8	-5.5
	Equipment, plant and machinery	13 801	-0.5	2.4
(a) In volume terms

New Capital Expenditure, in volume terms

MARCH KEY POINTS


ACTUAL EXPENDITURE (VOLUME TERMS)

• The trend volume estimate for total new capital expenditure fell by 0.6% in the March quarter 2019 while the seasonally adjusted estimate fell by 1.7%.
• The trend volume estimate for buildings and structures fell by 1.4% in the March quarter 2019 while the seasonally adjusted estimate fell by 2.8%.
• The trend volume estimate for equipment, plant and machinery rose by 0.4% in the March quarter 2019 while the seasonally adjusted estimate fell by 0.5%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

• This issue includes the sixth estimate (Estimate 6) for 2018-19 and the second estimate (Estimate 2) for 2019-20.
• Estimate 6 for 2018-19 is $122,193m. This is 3.8% higher than Estimate 6 for 2017-18. Estimate 6 is 3.7% higher than Estimate 5 for 2018-19.
• Estimate 2 for 2019-20 is $99,139m. This is 12.8% higher than Estimate 2 for 2018-19. Estimate 2 is 7.6% higher than Estimate 1 for 2019-20.
• See pages 7-10 for further commentary on expectations data.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
June 2019	29 August 2019
September 2019	28 November 2019
December 2019	27 February 2020
March 2020	28 May 2020

NOTES IN THIS ISSUE

The ABS intends to cease publishing a PDF as part of the release of Private New Capital Expenditure and Expected Expenditure, Australia (ABS cat. no. 5625.0). All of the information that is contained in the PDF will continue to be available elsewhere in this release. The March quarter 2019 issue is the final release with a PDF. Should you have any concerns regarding this transition, please contact us at client.services@abs.gov.au.


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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