5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, Sep 2016 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/12/2016   
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SEPTEMBER KEY FIGURES

Sep Qtr 16
Jun Qtr 16 to Sep Qtr 16
Sep Qtr 15 to Sep Qtr 16
$m
% change
% change
Trend estimates(a)
Total new capital expenditure
27 964
-4.9
-15.6
Buildings and structures
15 524
-8.5
-26.2
Equipment, plant and machinery
12 545
1.0
3.5
Seasonally adjusted(a)
Total new capital expenditure
28 030
-4.0
-13.7
Buildings and structures
15 626
-5.7
-24.3
Equipment, plant and machinery
12 404
-1.9
4.6
(a) In volume terms

New Capital Expenditure, in volume terms
New Capital Expenditure, in volume terms



SEPTEMBER KEY POINTS


ACTUAL EXPENDITURE (VOLUME TERMS)
  • The trend volume estimate for total new capital expenditure fell by 4.9% in the September quarter 2016 while the seasonally adjusted estimate fell by 4.0%.
  • The trend volume estimate for buildings and structures fell by 8.5% in the September quarter 2016 while the seasonally adjusted estimate fell by 5.7%.
  • The trend volume estimate for equipment, plant and machinery rose by 1.0% in the September quarter 2016 while the seasonally adjusted estimate fell by 1.9%.


EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
  • This issue includes the fourth estimate (Estimate 4) for 2016-17.
  • Estimate 4 for 2016-17 is $106,926m. This is 14.3% lower than Estimate 4 for 2015-16. Estimate 4 is 1.3% higher than Estimate 3 for 2016-17.
  • See pages 7-10 for further commentary on expectations data.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2016 23 February 2017
March 2017 1 June 2017
June 2017 31 August 2017
September 2017 30 November 2017



CHANGES TO THIS ISSUE
  • Each September quarter, the reference and base year for chain volume estimates for the Survey of Private New Capital Expenditure are updated. A new base year, 2014-15, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2014-15. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of, but not the movements in, chain volume estimates.
  • As happens each year, a seasonal review has been undertaken based on estimates up to and including the June quarter 2016. This review has not resulted in noteworthy revisions to estimates up to and including June quarter 2016. There are no noteworthy revisions to previous estimates.


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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