SEPTEMBER KEY FIGURES

		Sep Qtr 18	Jun Qtr 18 to Sep Qtr 18	Sep Qtr 17 to Sep Qtr 18
		$m	% change	% change
Trend estimates(a)
	Total new capital expenditure	29 434	-0.4	0.1
	Buildings and structures	15 760	-1.6	-5.3
	Equipment, plant and machinery	13 691	1.3	7.4
Seasonally adjusted(a)
	Total new capital expenditure	29 354	-0.5	-0.6
	Buildings and structures	15 645	-2.8	-7.0
	Equipment, plant and machinery	13 709	2.2	7.7
(a) 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 0.4% in the September quarter 2018 while the seasonally adjusted estimate fell by 0.5%.
• The trend volume estimate for buildings and structures fell by 1.6% in the September quarter 2018 while the seasonally adjusted estimate fell by 2.8%.
• The trend volume estimate for equipment, plant and machinery rose by 1.3% in the September quarter 2018 while the seasonally adjusted estimate rose by 2.2%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

• This issue includes the fourth estimate (Estimate 4) for 2018-19.
• Estimate 4 for 2018-19 is $114,099m. This is 4.4% higher than Estimate 4 for 2017-18. Estimate 4 is 11.3% higher than Estimate 3 for 2018-19.
• See pages 7-10 for further commentary on expectations data.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2018	28 February 2019
March 2019	30 May 2019
June 2019	29 August 2019
September 2019	28 November 2019

CHANGES IN 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, 2016-17, 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 2016-17. 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.


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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