Private New Capital Expenditure and Expected Expenditure, Australia

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

Reference period
December 2023
Released
29/02/2024

Key statistics

  • Total new capital expenditure rose by 0.8%
  • Buildings and structures rose by 1.5%
  • Equipment, plant and machinery fell by 0.1%
  • Estimate 1 for 2024-25 is $145.6b. This is 12.6% higher than Estimate 1 for 2023-24
Key data items
  Dec Qtr 23 ($m)Sep Qtr 23 to Dec Qtr 23 (% change)Dec Qtr 22 to Dec Qtr 23 (% change)
Seasonally adjusted(a)   
 Total new capital expenditure400610.87.9
 Buildings and structures217121.59.3
 Equipment, plant and machinery18349-0.16.4
Trend(a)   
 Total new capital expenditure401870.98.2
 Buildings and structures217391.210.2
 Equipment, plant and machinery184240.45.8
  1. In volume terms

Source: Australian Bureau of Statistics, Private New Capital Expenditure and Expected Expenditure, Australia December 2023

New capital expenditure in seasonally adjusted volume terms

Total new capital expenditure

  • The trend estimate for total new capital expenditure rose 0.9%
  • The seasonally adjusted estimate for total new capital expenditure rose 0.8% 
  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 rose 1.2% 
  • The seasonally adjusted estimate for buildings and structures rose 1.5%
  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 0.4%
  • The seasonally adjusted estimate for equipment, plant and machinery fell -0.1% 
  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 rose 2.8%
  • The seasonally adjusted estimate for Mining rose 1.1% 
  • The trend estimate for Non-mining rose 0.1%
  • The seasonally adjusted estimate for Non-mining rose 0.6%
  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

Source: Australian Bureau of Statistics, Private New Capital Expenditure and Expected Expenditure, Australia December 2023

Total capital expenditure

  • Estimate 5 for 2023-24 is $177.7b
  • This is 4.0% higher than Estimate 4 for 2023-24
  • Estimate 1 for 2024-25 is $145.6b
  • This is 12.6% higher than Estimate 1 for 2023-24

Buildings and structures

  • Estimate 5 for 2023-24 is $101.9b
  • This is 1.3% higher than Estimate 4 for 2023-24
  • Estimate 1 for 2024-25 is $88.2b
  • This is 13.2% higher than Estimate 1 for 2023-24

Equipment and machinery

  • Estimate 5 for 2023-24 is $75.8b
  • This is 7.7% higher than Estimate 4 for 2023-24
  • Estimate 1 for 2024-25 is $57.4b
  • This is 11.7% higher than Estimate 1 for 2023-24

Mining

  • Estimate 5 for 2023-24 is $52.3b
  • This is 3.2% higher than Estimate 4 for 2023-24
  • Estimate 1 for 2024-25 is $44.8b
  • This is 7.3% higher than Estimate 1 for 2023-24

Non-mining

  • Estimate 5 for 2023-24 is $125.4b
  • This is 4.3% higher than Estimate 4 for 2023-24
  • Estimate 1 for 2024-25 is $100.9b
  • This is 15.1% higher than Estimate 1 for 2023-24

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex percentage change
Sep Qtr 23 to Dec Qtr 23Dec Qtr 22 to Dec Qtr 23
% change% change
Mining1.112.5
Manufacturing3.318.3
Electricity, Gas, Water and Waste14.715.3
Construction1.225.2
Wholesale Trade0.6-2.2
Retail Trade-0.6-5.9
Accommodation and Food Services2.321.6
Transport, Postal and Warehousing-8.6-3.3
Information Media and Telecommunications3.914.5
Financial and Insurance Services-3.15.2
Rental, Hiring and Real Estate6.4-2.3
Professional, Scientific and Technical Services-0.2-5.2
Administrative and Support Services-28.4-43.2
Education and Training2.335.2
Health Care and Social Assistance-8.01.4
Arts and Recreation Services-10.3-6.9
Other Services-7.8-15.4
Industry chain volume buildings and structures percentage change
Sep Qtr 23 to Dec Qtr 23Dec Qtr 22 to Dec Qtr 23
% change% change
Mining1.214.5
Manufacturing7.825.5
Electricity, Gas, Water and Waste17.514.3
Construction45.1261.2
Wholesale Trade-2.7-9.7
Retail Trade18.50.0
Accommodation and Food Services14.132.7
Transport, Postal and Warehousing-15.1-15.8
Information Media and Telecommunications6.510.8
Financial and Insurance Services-27.1-25.9
Rental, Hiring and Real Estate1.4-8.2
Professional, Scientific and Technical Services-36.73.6
Administrative and Support Services-33.8-6.5
Education and Training-7.742.0
Health Care and Social Assistance-6.4-5.3
Arts and Recreation Services-22.06.3
Other Services36.44.9
Industry chain volume equipment and machinery percentage change
Sep Qtr 23 to Dec Qtr 23Dec Qtr 22 to Dec Qtr 23
% change% change
Mining1.07.2
Manufacturing1.214.8
Electricity, Gas, Water and Waste-2.323.8
Construction-1.418.5
Wholesale Trade1.60.0
Retail Trade-4.5-7.2
Accommodation and Food Services-4.714.7
Transport, Postal and Warehousing-4.06.6
Information Media and Telecommunications-3.928.2
Financial and Insurance Services2.312.9
Rental, Hiring and Real Estate15.49.0
Professional, Scientific and Technical Services10.4-6.6
Administrative and Support Services-26.8-48.6
Education and Training61.617.2
Health Care and Social Assistance-9.710.0
Arts and Recreation Services6.3-16.6
Other Services-16.9-20.5

State movements

State chain volume seasonally adjusted total capex percentage change
Sep Qtr 23 to Dec Qtr 23Dec Qtr 22 to Dec Qtr 23
% change% change
New South Wales-3.5-1.3
Victoria-0.810.3
Queensland9.311.0
South Australia-17.4-13.8
Western Australia2.521.7
Tasmania1.1-14.7
Northern Territory33.522.2
Australian Capital Territory13.914.9

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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.

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