Note 03/12/2008:
Table 2e for September 2008 has been reissued due to missing data between June 1987 - March 1993 in the Machinery and Equipment Manufacturing, current price seasonally adjusted series.
Table 2f for September 2008 has been reissued due to missing data between June 1987 - March 1993 in the Machinery and Equipment Manufacturing, current price trend series.

SEPTEMBER KEY FIGURES

		Sep Qtr 08	Jun Qtr 08 to Sep Qtr 08	Sep Qtr 07 to Sep Qtr 08
		$m	% change	% change
Trend estimates(a)
	Total new capital expenditure	23 377	2.9	12.7
	Buildings & structures	10 385	2.4	10.2
	Equipment, plant & machinery	12 973	3.1	14.3
Seasonally adjusted(a)
	Total new capital expenditure	23 246	0.6	15.9
	Buildings & structures	10 608	6.6	19.5
	Equipment, plant & machinery	12 724	-2.4	13.0
(a) In volume terms.

New Capital Expenditure, in volume terms

SEPTEMBER KEY POINTS


ACTUAL EXPENDITURE (VOLUME TERMS)

• The trend estimate for total new capital expenditure (in volume terms) rose 2.9% in the September quarter 2008 while the seasonally adjusted estimate rose 0.6%.
• The trend estimate for buildings and structures rose 2.4% this quarter while the seasonally adjusted estimate rose 6.6%.
• The equipment, plant and machinery trend volume estimate rose 3.1% in the September quarter 2008. In seasonally adjusted terms the estimate fell 2.4%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

• This issue includes the fourth estimate for 2008-09.
• The fourth estimate for 2008-09 is $102,675m. This is 21.9% higher than the fourth estimate for 2007-08. Estimate 4 is 1.6% higher than the third estimate for 2008-09.
• See pages 6 to 9 for further commentary on expectations data.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2008	26 February 2009
March 2009	28 May 2009
June 2009	27 August 2009
September 2009	26 November 2009

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, 2006-07, 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 2006-07. 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.

The Survey of Private New Capital Expenditure uses Autoregressive Integrated Moving Average (ARIMA) modelling where appropriate for seasonal adjustment of individual time series. The ARIMA model is assessed as part of the annual reanalysis which takes place each September quarter. Following the 2008 annual reanalysis which occurred in this quarter, 74% of eligible series use ARIMA modelling. For more information on seasonal adjustment for Survey series in this publication see paragraphs 41 to 43 of the Explanatory Notes.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Paul Doran on Sydney (02) 9268 4357.