1345.4 - SA Stats, Jul 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/07/2008   
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INVESTMENT


PRIVATE NEW CAPITAL EXPENDITURE

Between the December 2007 and March 2008 quarters, the South Australian chain volume (trend) estimate of private new capital expenditure increased by 3.7% to $1,289m. Expenditure on Equipment, plant and machinery decreased by $19m (or 3.2%) to $603m, while expenditure on Buildings and structures increased by $66m (or 10.6%) to $686m. This is the first time since the March quarter 1993 that expenditure on Buildings and structures exceeded Equipment, plant and machinery.

Between the December 2007 and March 2008 quarters, private new capital expenditure for Australia increased by 0.4% to $20,648m. Expenditure on Buildings and structures increased 1.3%, while Equipment, plant and machinery expenditure decreased 0.2% over this period.

Private New Capital Expenditure, Chain volume measures, Trend, South Australia
Graph: Private New Capital Expenditure, Chain volume measures, Trend, South Australia



MINERAL AND PETROLEUM EXPLORATION EXPENDITURE

The value of mineral exploration expenditure in South Australia in the March quarter 2008 was $79.3m (in original terms), down 15.2% from the December quarter 2007. Over the same period, Australian expenditure on mineral exploration decreased 13.1% from $625.9m in the December quarter 2007 to $544.0m in March quarter 2008.

The main minerals sought in South Australia in the March quarter 2008 were uranium ($26.2m exploration expenditure), copper ($18.6m) and gold ($15.9m).

Expenditure on petroleum exploration in South Australia in the March quarter 2008 was $31.8m, down 56.1% from the December quarter 2007. Nationally, expenditure on petroleum exploration decreased 7.9% from $770.0m in the December quarter 2007 to $709.4m in the March quarter 2008.

Mineral and Petroleum Exploration Expenditure, Original, South Australia
Graph: Mineral and Petroleum Exploration Expenditure, Original, South Australia