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SEPTEMBER KEY FIGURES

		Sep Qtr 10	Jun Qtr 10 to Sep Qtr 10	Sep Qtr 09 to Sep Qtr 10
		$m	% change	% change
Trend estimates(a)
	Total new capital expenditure	28 061	1.5	3.3
	Buildings and structures	14 842	7.3	14.5
	Equipment, plant and machinery	13 161	-4.8	-8.4
Seasonally adjusted(a)
	Total new capital expenditure	28 768	6.2	8.6
	Buildings and structures	15 380	13.4	21.3
	Equipment, plant and machinery	13 388	-1.1	-3.0
(a) In volume terms

New Capital Expenditure, in volume terms

• The trend volume estimate for total new capital expenditure rose 1.5% in the September quarter 2010 while the seasonally adjusted estimate rose 6.2%.
• The trend volume estimate for buildings and structures rose 7.3% in the September quarter 2010 while the seasonally adjusted estimate rose 13.4%.
• The trend volume estimate for equipment, plant and machinery fell 4.8% in the September quarter 2010 while the seasonally adjusted estimate fell 1.1%.

• This issue includes the fourth estimate (Estimate 4) for 2010-11.
• Estimate 4 for 2010-11 is $123,941m. This is 19.5% higher than Estimate 4 for 2009-10. Estimate 4 is flat compared with Estimate 3 for 2010-11.
• See pages 6 to 10 for further commentary on expectations data.

• 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, 2008-09, 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 2008-09. 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 re-analysis has been undertaken based on estimates up to and including the June quarter 2010. No significant changes have occurred this re-analysis, resulting in only minor revisions to the seasonally adjusted estimates.
• Commencing with the September quarter 2010, state specific deflators have been applied in the calculation of state volume estimates for capital expenditure for buildings and structures in place of a national deflator. This approach is consistent with National Accounts methodology and the treatment of the equipment asset type in capital expenditure statistics. This change has resulted in minor revisions to previously published volume estimates for building and structures capital expenditure by state. Total Australia series have not been affected.