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Private New Capital Expenditure and Expected Expenditure, Australia

Latest release

Quarterly statistics about actual and expected private new capex investment spend on buildings and equipment by industry

Reference period
September 2024
Released
28/11/2024
  • Next Release 27/02/2025
    Private New Capital Expenditure and Expected Expenditure, Australia, December 2024
  • Next Release 29/05/2025
    Private New Capital Expenditure and Expected Expenditure, Australia, March 2025
  • Next Release 28/08/2025
    Private New Capital Expenditure and Expected Expenditure, Australia, June 2025
  • View all releases

Key statistics

  • Total new capital expenditure rose by 1.1%
  • Buildings and structures rose by 1.1%
  • Equipment, plant and machinery rose by 1.1%
  • Estimate 4 for 2024-25 is $178.2b. This is 5.1% higher than Estimate 3 for 2024-25
Key data items
 Sep Qtr 24 
($m)
Jun Qtr 24 to Sep Qtr 24 
(% change)
Sep Qtr 23 to Sep Qtr 24 
(% change)
Seasonally adjusted(a) 
 Total new capital expenditure438381.11.0
 Buildings and structures230231.1-1.1
 Equipment, plant and machinery208161.13.4
Trend(a) 
 Total new capital expenditure43633-0.40.1
 Buildings and structures22885-0.9-2.5
 Equipment, plant and machinery208350.63.4
  1. In volume terms

New capital expenditure in seasonally adjusted volume terms

Total new capital expenditure

  • The trend estimate for total new capital expenditure fell 0.4%
  • The seasonally adjusted estimate for total new capital expenditure rose 1.1% 
  1. Trend break added to 'Total new capital expenditure' trend series for June 2020, Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Buildings and structures

  • The trend estimate for buildings and structures fell 0.9% 
  • The seasonally adjusted estimate for buildings and structures rose 1.1%
  1. Trend break added to 'Buildings and Structures new capital expenditure' trend series for Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Equipment and machinery

  • The trend estimate for equipment, plant and machinery rose 0.6 %
  • The seasonally adjusted estimate for equipment, plant and machinery rose 1.1% 
  1. Trend break added to 'Equipment and machinery new capital expenditure' trend series for Mar 2007.

Mining and non-mining

  • The trend estimate for Mining fell 1.0%
  • The seasonally adjusted estimate for Mining fell 1.9% 
  • The trend estimate for Non-mining fell 0.2%
  • The seasonally adjusted estimate for Non-mining rose 2.3%
  1. Trend break added to 'Total non-mining capital expenditure' trend series for Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.

Financial years at current prices

Timing and composition

The graphs below show the seven estimates of actual and expected expenditure for each financial year.

The timing and composition of these estimates are as follows:

Composition of estimates 
Estimate Based on data reported at:Data on long-term expected expenditureData on Short-term expected expenditureData on actual expenditure
1Jan-Feb, 5-6 months before period begins12 monthsNilNil
2Apr-May, 2-3 months before period begins12 monthsNilNil
3Jul-Aug, at beginning of period6 months6 monthsNil
4Oct-Nov, 3-4 months into period6 months3 months3 months
5Jan-Feb, 6-7 months into periodNil6 months6 months
6Apr-May, 9-10 months into periodNil3 months9 months
7Jul-Aug, at end of periodNilNil12 months

Total capital expenditure

  • Estimate 4 for 2024-25 is $178.2b
  • This is 5.1% higher than Estimate 3 for 2024-25

Buildings and structures

  • Estimate 4 for 2024-25 is $104.5b
  • This is 2.6% higher than Estimate 3 for 2024-25

Equipment and machinery

  • Estimate 4 for 2024-25 is $73.7b
  • This is 8.7% higher than Estimate 3 for 2024-25

Mining

  • Estimate 4 for 2024-25 is $53.7b
  • This is 1.4% higher than Estimate 3 for 2024-25

Non-mining

  • Estimate 4 for 2024-25 is $124.5b
  • This is 6.7% higher than Estimate 3 for 2024-25

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex percentage change
Jun Qtr 24 to Sep Qtr 24Sep Qtr 23 to Sep Qtr 24
% change% change
Mining-1.9-5.2
Manufacturing10.42.0
Electricity, Gas, Water and Waste0.817.4
Construction-1.08.7
Wholesale Trade8.9-6.1
Retail Trade-1.8-6.8
Accommodation and Food Services-2.9-4.6
Transport, Postal and Warehousing-2.2-6.2
Information Media and Telecommunications6.929.3
Financial and Insurance Services12.34.5
Rental, Hiring and Real Estate-2.2-6.9
Professional, Scientific and Technical Services-1.626.9
Administrative and Support Services9.112.7
Education and Training2.6-9.1
Health Care and Social Assistance7.36.3
Arts and Recreation Services-7.314.8
Other Services6.33.6
Industry chain volume buildings and structures percentage change
Jun Qtr 24 to Sep Qtr 24Sep Qtr 23 to Sep Qtr 24
% change% change
Mining-2.5-5.1
Manufacturing27.211.8
Electricity, Gas, Water and Waste0.519.6
Construction-6.9-2.2
Wholesale Trade17.0-9.5
Retail Trade-15.129.7
Accommodation and Food Services-4.64.0
Transport, Postal and Warehousing3.2-17.0
Information Media and Telecommunications9.47.3
Financial and Insurance Services-0.6-20.6
Rental, Hiring and Real Estate-1.3-12.8
Professional, Scientific and Technical Services-6.55.8
Administrative and Support Services16.74.5
Education and Training0.7-10.9
Health Care and Social Assistance4.71.2
Arts and Recreation Services9.519.6
Other Services8.069.7
Industry chain volume equipment and machinery percentage change
Jun Qtr 24 to Sep Qtr 24Sep Qtr 23 to Sep Qtr 24
% change% change
Mining-0.2-5.7
Manufacturing3.0-2.8
Electricity, Gas, Water and Waste2.54.4
Construction-0.79.3
Wholesale Trade6.8-5.1
Retail Trade3.5-14.9
Accommodation and Food Services-1.6-9.9
Transport, Postal and Warehousing-5.01.2
Information Media and Telecommunications3.192.6
Financial and Insurance Services15.110.9
Rental, Hiring and Real Estate-3.44.0
Professional, Scientific and Technical Services-0.432.9
Administrative and Support Services7.815.4
Education and Training10.2-1.8
Health Care and Social Assistance10.011.9
Arts and Recreation Services-23.09.5
Other Services5.4-10.2

State movements

State chain volume seasonally adjusted total capex percentage change
Jun Qtr 24 to Sep Qtr 24Sep Qtr 23 to Sep Qtr 24
% change% change
New South Wales3.64.2
Victoria3.2-0.8
Queensland-1.510.8
South Australia-10.9-14.5
Western Australia-1.3-6.2
Tasmania-20.5-2.6
Northern Territory-17.17.8
Australian Capital Territory15.123.7

Data downloads

Data downloads

Data files

Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website.

Please check the reference period when using Data Explorer.

Private New Capital Expenditure and Expected Expenditure - estimates of actual and expected new capital expenditure by private businesses for selected industries in Australia

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Previous catalogue number

This release previously used catalogue number 5625.0.

Notes on release

Chain volume estimates re-referenced to 2022-23

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, 2022-23, 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 2022-23. 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.

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