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SEPTEMBER KEY FIGURES
SEPTEMBER KEY POINTS ACTUAL EXPENDITURE
EXPECTED EXPENDITURE
NOTES CHANGES IN THIS ISSUE To assist users in interpreting data in this release the range of graphs and accompanying commentary has been expanded.
BUILDINGS AND STRUCTURES The trend estimate increased 2.4% this quarter, after eleven consecutive increases since March quarter 2002. Manufacturing led the increase in buildings and structures this quarter (up 8%) with both Mining and Other selected industries increasing slightly. EQUIPMENT, PLANT AND MACHINERY Trend estimates for equipment, plant and machinery increased by 1.6% in the September quarter 2004. The estimate has been increasing since June quarter 2001 but the rate of growth has been quite low in the most recent quarters. Both Manufacturing and Other selected industries increased slightly this quarter, offsetting a small fall in Mining. MINING After three quarters of decreases, trend estimates for Mining were flat in the September quarter 2004. Equipment, plant and machinery decreased slightly this quarter after two quarters of strong decreases, while building and structures increased slightly. MANUFACTURING The trend estimate increased 2.9% this quarter, the second consecutive increase. Manufacturing had strong growth up to June quarter 2003 and then fell slightly for three quarters. The current rate of growth has been consistent for the past two quarters. Buildings and structures has had a strong increase this quarter (up 8%) whilst equipment, plant and machinery increased slightly. OTHER SELECTED INDUSTRIES The trend estimate for Other selected industries increased 1.9% in the September quarter 2004, the thirteenth consecutive quarter of growth. The rate of growth has been relatively unchanged over this period. Equipment, plant and machinery has increased at a slightly higher rate than buildings and structures this quarter. The rate of growth for buildings and structures has been declining for the past four quarters. 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 Estimate 4 is 4.3% higher than the comparable estimate for 2003-04 and is the highest estimate on record. Buildings and structures contributed all of the increase (up 23%), with equipment falling by 5%.
BUILDINGS AND STRUCTURES The fourth estimate for buildings and structures is 23% higher than the comparable estimate for 2003-04. Manufacturing has increased significantly (up 51%) whilst Mining, Wholesale and Construction have also had strong growth.
EQUIPMENT, PLANT AND MACHINERY Estimate 4 for equipment, plant and machinery has decreased slightly since the comparable estimate for 2003-04. Other Services (down 18%) and Mining (down 13%) have contributed significantly to the decrease.
MINING Estimate 4 is 10% higher than the comparable estimate for 2003-04. Buildings and Structures contributed to all the increase.
MANUFACTURING The fourth estimate for 2004-05 is 5% higher than Estimate 4 for 2003-04. A 51% increase in buildings and structures was responsible for the increase.
OTHER SELECTED INDUSTRIES Estimate 4 has increased by 2% from the comparable estimate for 2003-04. Increases in Wholesale, Property and Business Services and Construction offset small decreases in the other component industries.
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 has shown strong growth since June quarter 2002 in current price terms. Strong expectations indicates this growth will continue for the 2004-05 financial year. The projected increase in buildings and structures is contributed to by all major industry groups. EQUIPMENT, PLANT AND MACHINERY Current price trend estimates for equipment, plant and machinery have been falling after reaching a peak in June quarter 2003. Although recent quarters have indicated this decrease was flattening out, weak expectations for the next three quarters suggest that this decline will continue. Other selected industries is projecting a strong decrease for the current financial year, whilst Mining and Manufacturing are indicating small increases. MINING Trend estimates for Mining have been decreasing in recent quarters in current price terms. However strong expectations indicate that this decrease is temporary and growth is predicted for this financial year. The majority of the growth is expected to be from a significant increase in buildings and structures. MANUFACTURING After reaching a peak in June quarter 2003, Manufacturing current price trend estimates had been declining but have started to grow in recent quarters. Strong expectations predict that the estimate will increase again over the current financial year. Buildings and structures expenditure has been increasing March quarter 2001, and it is predicted that the growth rate will rise significantly over the next few quarters. After recent decreases equipment, plant and machinery is expected to increase slightly. OTHER SELECTED INDUSTRIES Current price trend estimates for Other Selected Industries have been increasing slightly in recent quarters. Current expectations data however indicate that there will be a slight decrease over the current financial year. Buildings and structures expenditure has been strong over recent quarters offsetting decreases in equipment, plant and machinery. This is set to continue over the financial year. Transport and Storage is main contributor to the expected decrease. Document Selection These documents will be presented in a new window.
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