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SEPTEMBER KEY FIGURES
SEPTEMBER KEY POINTS ACTUAL EXPENDITURE (VOLUME TERMS)
EXPECTED EXPENDITURE (CURRENT TERMS)
NOTES CHANGES IN THIS ISSUE As happens each year, a seasonal re-analysis has been undertaken based on estimates up to and including the June quarter 2005. As part of this year's re-analysis, a number of the aggregation structures were amended to bring the seasonal adjustment methodology more into line with that used for the equivalent National Accounts series. This has resulted in revisions to seasonally adjusted estimates for most time series in this release.
BUILDINGS AND STRUCTURES The trend estimate for buildings and structures increased 5.0% this quarter, the growth rate falling slightly after two quarters of stronger growth. In seasonally adjusted terms, the estimate increased 10.1%. The increase this quarter is driven by Manufacturing, up 15.2% and Mining, up 9.1%. EQUIPMENT, PLANT AND MACHINERY Trend estimates for equipment, plant and machinery have eased this quarter to 4.5%. The September quarter estimate, in seasonally adjusted terms, has fallen slightly by 0.3%. Both Mining and Manufacturing rose 13.6% and 15.8% respectively, while Other selected industries fell 8.1%. MINING The trend estimate for Mining increased by 10.3% this quarter, the third quarter of strong growth. The seasonally adjusted estimate increased 11.0%, maintaining the growth seen last quarter. Equipment, plant and machinery is the main contributor, with 13.6% seasonally adjusted growth and buildings and structures recorded a 9.1% increase. MANUFACTURING Manufacturing trend estimates increased 6.5%, the sixth consecutive quarter of growth. In seasonally adjusted terms, the estimate has increased strongly by 15.6%. The increase is across both asset types with equipment, plant and machinery up 15.8% and buildings and structures up 15.2%. OTHER SELECTED INDUSTRIES Trend estimates for Other selected industries have recorded the smallest trend rise of the past 7 quarters, increasing 2.6%. In seasonally adjusted terms, Other selected industries fell 4.1% due to a decrease in equipment, plant and machinery expenditure of 8.1%. 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 4 for 2005-06 is 23.7% higher than Estimate 4 for 2004-05 and 11.7% higher than Estimate 3. All industries have increased since Estimate 3 for this financial year. Mining and Manufacturing have increased this quarter, along with Construction, Finance and Insurance and Property and Business Services.
BUILDINGS AND STRUCTURES In current price terms, trend estimates for buildings and structures have displayed sustained growth over the past three years. The expectations for the coming months, indicate a levelling in growth rather than a decline. Other selected industries are indicating little growth for the remainder of the current financial year, while Mining and Manufacturing are indicating a decrease for 2005-06. EQUIPMENT, PLANT AND MACHINERY Current price trend estimates for equipment, plant and machinery, for the 2004-05 financial year, showed strong growth rates. Expectations gathered this quarter, indicate that the estimates will start to decline from next quarter and until the end of the 2005-06 financial year. The largest decline in expectations is coming from the Manufacturing industry, while expectations from Mining and Other selected industries are expecting a levelling of growth rates during the 2005-06 financial year. MINING Trend estimates for Mining in current price terms have increased strongly over the last 4 quarters. The recent growth, however, is expected to ease for the rest of 2005-06. Equipment, plant and machinery is expected to decline next quarter and for the remainder of the financial year, while buildings and structures indicate moderate growth. MANUFACTURING Manufacturing trend estimates in current price terms have shown strong growth during the 2004-05 financial year. Expectations indicate that expenditure has reached a peak this quarter and will decline over the next 9 months. The expected decline over the 2005-06 financial year is in both equipment, plant and machinery and buildings and structures. OTHER SELECTED INDUSTRIES The current price trend estimate for Other selected industries has shown strong growth in recent quarters. Estimates show that current levels will be sustained in the coming quarters. Most Other selected industries are expecting a decline in growth rates over the next financial year, with the exception of Transport and storage where growth is expected to increase. Document Selection These documents will be presented in a new window.
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