Quarterly statistics about actual and expected private new capex investment spend on buildings and equipment by industry
| Jun Qtr 21 | Mar Qtr 21 to Jun Qtr 21 | Jun Qtr 20 to Jun Qtr 21 | ||
|---|---|---|---|---|
| $m | % change | % change | ||
| Seasonally adjusted(a) | ||||
| Total new capital expenditure | 32 675 | 4.4 | 11.5 | |
| Buildings and structures | 16 889 | 4.6 | 6.5 | |
| Equipment, plant and machinery | 15 786 | 4.3 | 17.3 | |
a. In volume terms
The Extraordinary Annual Seasonal Review undertaken this quarter has individually assessed each series to determine how each observation from the previous year should be treated for estimation of the seasonal factors used to seasonally adjust the current end of the series. This process has ensured disruption to series caused by COVID-19 does not unduly affect estimates of the seasonal factors.
For series which have used the forward factors method, revisions to the seasonally adjusted series are likely to be larger than the revisions historically observed each quarter when concurrent adjustment was used. Series which have used forward factors have used static seasonal factor estimates for the previous year, and the review has updated these seasonal factor estimates by incorporating relevant information from the previous year's observations. When concurrent adjustment is used, revisions to the seasonally adjusted estimates will typically be smaller because seasonal factor estimates are updated quarterly on the basis of the addition of just one extra data point.
A decision was made about the future use of forward factors/concurrent adjustment. In the case where the forward factors method will continue to be used, new forward factors have been calculated.
The trend series attempts to measure underlying behaviour in business activity. In the short term, this measurement will be significantly affected by changes to regular patterns in spending that will occur during this time, as certain businesses are restricted from trading for example. If the trend estimates in this publication were to be calculated without fully accounting for this irregular event, they would likely provide a misleading view of underlying business activity.
It may be some time before the underlying trend in business activity can be accurately estimated. The New Capital Expenditure trend series have therefore been suspended and will be reinstated when more certainty emerges in the underlying trend in business activity.
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:
| Estimate Based on data reported at: | COMPOSITION OF ESTIMATE | |||
|---|---|---|---|---|
| Data on long-term expected expenditure | Data on Short-term expected expenditure | Data on actual expenditure | ||
| 1. | Jan-Feb, 5-6 months before period begins | 12 months | Nil | Nil |
| 2. | Apr-May, 2-3 months before period begins | 12 months | Nil | Nil |
| 3. | Jul-Aug, at beginning of period | 6 months | 6 months | Nil |
| 4. | Oct-Nov, 3-4 months into period | 6 months | 3 months | 3 months |
| 5. | Jan-Feb, 6-7 months into period | Nil | 6 months | 6 months |
| 6. | Apr-May, 9-10 months into period | Nil | 3 months | 9 months |
| 7. | Jul-Aug, at end of period | Nil | Nil | 12 months |
| Mar Qtr 21 to Jun Qtr 21 | Jun Qtr 20 to Jun Qtr 21 | |
|---|---|---|
| % change | % change | |
| Mining | 0.4 | 2.2 |
| Manufacturing | -5.6 | 11.5 |
| Electricity, Gas, Water and Waste | 10.5 | 18.7 |
| Construction | 0.1 | 10.8 |
| Wholesale Trade | 2.9 | 25.3 |
| Retail Trade | 13.9 | 33.6 |
| Accommodation and Food Services | -10.5 | 43.4 |
| Transport, Postal and Warehousing | 9.3 | 19.7 |
| Information Media and Telecommunications | 14.5 | 1.0 |
| Financial and Insurance Services | 3.5 | 9.1 |
| Rental, Hiring and Real Estate | 15.9 | 20.2 |
| Professional, Scientific and Technical Services | -0.2 | 8.3 |
| Administrative and Support Services | 8.3 | 80.1 |
| Education and Training | 2.9 | 4.0 |
| Health Care and Social Assistance | -1.9 | -17.5 |
| Arts and Recreation Services | 21.1 | 52.4 |
| Other Services | 16.8 | 72.0 |
| Mar Qtr 21 to Jun Qtr 21 | Jun Qtr 20 to Jun Qtr 21 | |
|---|---|---|
| % change | % change | |
| Mining | 0.8 | 2.0 |
| Manufacturing | -2.6 | 21.3 |
| Electricity, Gas, Water and Waste | 12.6 | 20.6 |
| Construction | 27.0 | 77.4 |
| Wholesale Trade | 48.6 | 28.7 |
| Retail Trade | -2.7 | 7.7 |
| Accommodation and Food Services | 0.0 | 30.2 |
| Transport, Postal and Warehousing | 10.9 | 18.5 |
| Information Media and Telecommunications | 8.4 | 0.7 |
| Financial and Insurance Services | 58.3 | 64.8 |
| Rental, Hiring and Real Estate | 8.2 | 5.6 |
| Professional, Scientific and Technical Services | -40.2 | -30.5 |
| Administrative and Support Services | -28.4 | 200.0 |
| Education and Training | 9.3 | -6.8 |
| Health Care and Social Assistance | -4.5 | -21.4 |
| Arts and Recreation Services | -2.2 | 8.5 |
| Other Services | -13.5 | 54.7 |
| Mar Qtr 21 to Jun Qtr 21 | Jun Qtr 20 to Jun Qtr 21 | |
|---|---|---|
| % change | % change | |
| Mining | -0.5 | 2.6 |
| Manufacturing | -6.8 | 8.0 |
| Electricity, Gas, Water and Waste | -1.8 | 7.7 |
| Construction | -1.1 | 8.5 |
| Wholesale Trade | -5.7 | 24.4 |
| Retail Trade | 19.5 | 42.9 |
| Accommodation and Food Services | -15.1 | 51.7 |
| Transport, Postal and Warehousing | 8.1 | 20.8 |
| Information Media and Telecommunications | 42.8 | 2.7 |
| Financial and Insurance Services | -8.2 | -3.0 |
| Rental, Hiring and Real Estate | 31.7 | 56.2 |
| Professional, Scientific and Technical Services | 8.0 | 15.7 |
| Administrative and Support Services | 24.8 | 63.2 |
| Education and Training | -10.3 | 47.9 |
| Health Care and Social Assistance | 1.5 | -12.4 |
| Arts and Recreation Services | 44.9 | 111.5 |
| Other Services | 29.3 | 77.5 |
| Mar Qtr 21 to Jun Qtr 21 | Jun Qtr 20 to Jun Qtr 21 | |
|---|---|---|
| % change | % change | |
| New South Wales | 5.0 | 19.1 |
| Victoria | 10.7 | 6.6 |
| Queensland | 5.1 | 0.8 |
| South Australia | -3.3 | 11.6 |
| Western Australia | 1.4 | 11.9 |
| Tasmania | 3.6 | 41.3 |
| Northern Territory | 111.5 | 60.2 |
| Australian Capital Territory | 29.7 | 15.3 |
This release previously used catalogue number 5625.0.