SEPTEMBER KEY FIGURES

		Sep Qtr 17	Jun Qtr 17 to Sep Qtr 17	Sep Qtr 16 to Sep Qtr 17
		$m	% change	% change
Trend estimates(a)
	Total new capital expenditure	29 363	1.1	2.1
	Buildings and structures	16 446	1.0	2.2
	Equipment, plant and machinery	12 905	1.2	1.7
Seasonally adjusted(a)
	Total new capital expenditure	29 368	1.0	2.3
	Buildings and structures	16 462	1.2	2.4
	Equipment, plant and machinery	12 906	0.7	2.2
(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 rose by 1.1% in the September quarter 2017 while the seasonally adjusted estimate rose by 1.0%.
• The trend volume estimate for buildings and structures rose by 1.0% in the September quarter 2017 while the seasonally adjusted estimate rose by 1.2%.
• The trend volume estimate for equipment, plant and machinery rose by 1.2% in the September quarter 2017 while the seasonally adjusted estimate rose by 0.7%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

• This issue includes the fourth estimate (Estimate 4) for 2017-18.
• Estimate 4 for 2017-18 is $108,922m. This is 1.6% higher than Estimate 4 for 2016-17. Estimate 4 is 5.6% higher than Estimate 3 for 2017-18.
• See pages 7-10 for further commentary on expectations data.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
December 2017	1 March 2018
March 2018	31 May 2018
June 2018	30 August 2018
September 2018	29 November 2018

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, 2015-16, 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 2015-16. 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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