As table 19.17 shows, new capital expenditure by private sector businesses in the manufacturing industry declined (by 13.3%) between 1999-2000 and 2000-01 following an increase of 2.6% between 1998-99 and 1999-2000. Three of the nine manufacturing subdivisions experienced an increase in new capital expenditure in 2000-01. The rises were for Textile, clothing, footwear and leather manufacturing (by 18.9% from a low base), Machinery and equipment manufacturing (by 11.6%), and Non-metallic mineral product manufacturing (by 9.2%). The largest percentage falls were for Wood and paper product manufacturing (by 41.1%), Metal product manufacturing (by 25.8%), and Petroleum, coal, chemical and associated product manufacturing (by 23.4%).
Comparing private new capital expenditure levels in 2000-01 with those of two years earlier shows lower levels in seven of the nine manufacturing subdivisions. The largest decreases were in Metal product manufacturing (by 43.4%), Wood and paper product manufacturing (by 26.1%), and Printing, publishing and recorded media (by 15.6%). The only increases were for Machinery and equipment manufacturing (by 27.5%) and Non-metallic mineral product manufacturing (by 2.4%).
19.17 PRIVATE NEW CAPITAL EXPENDITURE, Current prices(a)
|
 | 1998-99 | 1999-2000 | 2000-01 |
| Industry subdivision | $m | $m | $m |
|
| Food, beverage and tobacco manufacturing | 2,089 | 2,221 | 2,035 |
| Textile, clothing, footwear and leather manufacturing | 263 | 196 | 233 |
| Wood and paper product manufacturing | 786 | 987 | 581 |
| Printing, publishing and recorded media | 802 | 782 | 677 |
| Petroleum, coal, chemical and associated product manufacturing | 1,513 | 1,801 | 1,379 |
| Non-metallic mineral product manufacturing | 500 | 469 | 512 |
| Metal product manufacturing | 1,941 | 1,482 | 1,099 |
| Machinery and equipment manufacturing | 1,334 | 1,524 | 1,701 |
| Other manufacturing | 208 | 221 | 180 |
| Total manufacturing | 9,436 | 9,685 | 8,397 |
|
| (a) The annual estimates are the sum of the four quarters' estimates in the year. |
Source: Private New Capital Expenditure and Expected Expenditure, Australia (5625.0). |
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