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MARCH KEY FIGURES
MARCH KEY POINTS ACTUAL EXPENDITURE (VOLUME TERMS)
EXPECTED EXPENDITURE (CURRENT TERMS)
NOTES FORTHCOMING ISSUES
CHANGES IN THIS ISSUE There are no changes in this issue.
BUILDINGS AND STRUCTURES The trend estimate for buildings and structures increased 4.5% in the March quarter 2006, however the rate of growth has fallen for the second consecutive quarter after two quarters of strong growth. In seasonally adjusted terms, the estimate increased 3.6%. The increase this quarter is driven by Mining, up 26.6%. EQUIPMENT, PLANT AND MACHINERY The trend estimate for equipment, plant and machinery increased by 4.5% in the March quarter 2006, the growth rate falling after seven consecutive quarters of strong growth. In seasonally adjusted terms, the March quarter estimate was down 0.5%. The fall was mainly driven by Other selected industries and Manufacturing down 2.3% and 3.3% respectively, with Property and business services and Transport and storage being the main contributors to the fall in Other selected industries. MINING The trend estimate for Mining increased by 14.8% in the March quarter 2006, the fourth consecutive quarter of strong growth. The seasonally adjusted estimate increased 20.0%, maintaining the growth seen in the previous three quarters. Buildings and structures was the main contributor, with 26.6% seasonally adjusted growth while equipment, plant and machinery recorded an 11.3% increase. MANUFACTURING The rate of growth in the trend estimate for Manufacturing continued to ease in the March quarter 2006 increasing 0.4%. In seasonally adjusted terms, the estimate fell 3.1%, the second consecutive quarter of decline after experiencing a strong quarter of growth in the September quarter 2005. Equipment, plant and machinery is the main contributor to the fall, down 3.3% while buildings and structures, declined 2.6% in seasonally adjusted terms. OTHER SELECTED INDUSTRIES The trend estimate for Other selected industries increased 2.5% in the March quarter 2006. In seasonally adjusted terms, Other selected industries fell 4.9% following a strong quarter of growth in December quarter 2005 of 16.6%. The fall was mainly due to a decrease in buildings and structures of 13.2%. 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.
Estimate 6 for 2005-06 is $71,443m which is 23.6% higher than Estimate 6 for 2004-05 and 4.3% higher than Estimate 5 for 2005-06. Most industries recorded increases since Estimate 5 for 2005-06 with Mining (11.5%) recording the largest increase and Retail trade recording the only decrease (0.6%).
BUILDINGS AND STRUCTURES Estimate 6 for 2005-06 is 35.4% higher than Estimate 6 for 2004-05 and 3.4% higher than Estimate 5 for 2005-06. Since Estimate 5 for 2005-06 Mining had the largest increase (up 11.6%) with Construction showing the biggest decline (19.0%).
EQUIPMENT, PLANT AND MACHINERY Estimate 6 for 2005-06 is 17.2% higher than Estimate 6 for 2004-05 and 4.8% higher than Estimate 5 for 2005-06. All industries have increased since Estimate 5 with the strongest increases in Mining (11.3%), Wholesale trade (12.8%) and Construction (9.7%).
MINING Estimate 6 for 2005-06 is 11.5% higher than Estimate 5 for 2005-06 with increases for both buildings and structures and equipment, plant and machinery.
MANUFACTURING Estimate 6 for 2005-06 is 0.5% higher than Estimate 5 for 2005-06. Increased expectations in buildings and structures (2.2%) contributed to the growth.
OTHER SELECTED INDUSTRIES Estimate 6 for 2005-06 is 2.8% higher than Estimate 5 for 2005-06. Equipment, plant and machinery is contributing to the majority of this increase, with all industries except Retail trade showing increases on Estimate 5.
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 In current price terms, trend estimates for buildings and structures have displayed sustained growth over the past four years. The expectations for the next fifteen months suggest a period of levelling in growth until the beginning of 2007 when a decline is suggested. Mining and Manufacturing are the main contributors to the decline. EQUIPMENT, PLANT AND MACHINERY Current price trend estimates for equipment, plant and machinery, have shown strong growth since the beginning of the 2004-05 financial year. Expectations for the next fifteen months indicate a decline in the trend from June quarter 2006. MINING Trend estimates for Mining have increased strongly since the September quarter 2004. Expectations over the next fifteen months suggest a slowing in growth followed by a decline towards the end of 2006-07. Growth in buildings and structures is expected to continue until March 2007 when expectations begin to decline. The trend in equipment, plant and machinery is expected to decline over the next fifteen months. MANUFACTURING Manufacturing trend estimates have shown strong growth since 2004-05, with growth flattening over the last quarter. Expectations for the next fifteen months suggest expenditure for both asset groups has peaked and will fall for the remainder of the 2006 calendar year, followed by a slow decline in spending for the first six months of 2007. OTHER SELECTED INDUSTRIES The current price estimates for Other selected industries have shown strong growth since March quarter 2005. Estimates for the next fifteen months indicate that growth is expected to peak toward the end of 2006, followed by a decline in the first six months of 2007. Growth in buildings and structures is expected to flatten towards the end of the 2005-06 financial year. Growth in equipment, plant and machinery is expected to decline from the start of 2007. 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, Mar 2006
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/06/2006
This page last updated 31 August 2006