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
June 2023
Released
31/08/2023

Key statistics

  • Total new capital expenditure rose by 2.8%

  • Buildings and structures rose by 3.5%

  • Equipment, plant and machinery rose by 1.9%

  • Estimate 3 for 2023-24 is $157.8b. This is 14.5% higher than Estimate 2 for 2023-24

  Jun Qtr 23Mar Qtr 23 to Jun Qtr 23Jun Qtr 22 to Jun Qtr 23
  $m% change% change
Seasonally adjusted(a)   
 Total new capital expenditure375812.810.8
 Buildings and structures200463.515.0
 Equipment, plant and machinery175351.96.4
Trend(a)    
 Total new capital expenditure375543.010.4
 Buildings and structures199943.213.1
 Equipment, plant and machinery175142.67.2

a. In volume terms
 

New capital expenditure in seasonally adjusted volume terms

Total new capital expenditure

  • The trend estimate for total new capital expenditure rose 3.0%

  • The seasonally adjusted estimate for total new capital expenditure rose 2.8% 

a. 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 3.2% 

  • The seasonally adjusted estimate for buildings and structures rose 3.5%

a. 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 2.6%

  • The seasonally adjusted estimate for equipment, plant and machinery rose 1.9% 

a. 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 2.5%

  • The seasonally adjusted estimate for Mining rose 0.9% 

  • The trend estimate for Non-mining rose 3.0%

  • The seasonally adjusted estimate for Non-mining rose 3.5%

a. 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:

Estimate Based on data reported at:COMPOSITION OF ESTIMATE
Data on long-term expected expenditureData on Short-term expected expenditureData 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

 

 

Total capital expenditure

  • Estimate 7 for 2022-23 is $165.1b

  • This is 1.4% higher than Estimate 6 for 2022-23

  • Estimate 3 for 2023-24 is $157.8b

  • This is 14.5% higher than Estimate 2 for 2023-24

Buildings and structures

  • Estimate 7 for 2022-23 is $87.7b

  • This is 1.7% lower than Estimate 6 for 2022-23

  • Estimate 3 for 2023-24 is $94.8b

  • This is 13.6% higher than Estimate 2 for 2023-24

     

Equipment and machinery

  • Estimate 7 for 2022-23 is $77.4b

  • This is 5.2% higher than Estimate 6 for 2022-23

  • Estimate 3 for 2023-24 is $63.0b

  • This is 15.9% higher than Estimate 2 for 2023-24

Mining

  • Estimate 7 for 2022-23 is $46.8b

  • This is 0.5% lower than Estimate 6 for 2022-23

  • Estimate 3 for 2023-24 is $47.3b

  • This is 10.1% higher than Estimate 2 for 2023-24

Non-mining

  • Estimate 7 for 2022-23 is $118.3b

  • This is 2.2% higher than Estimate 6 for 2022-23

  • Estimate 3 for 2023-24 is $110.6b

  • This is 16.5% higher than Estimate 2 for 2023-24

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex
Mar Qtr 23 to Jun Qtr 23Jun Qtr 22 to Jun Qtr 23
% change% change
Mining0.92.7
Manufacturing1.112.6
Electricity, Gas, Water and Waste-4.014.0
Construction30.5-4.4
Wholesale Trade10.49.3
Retail Trade-8.0-4.7
Accommodation and Food Services26.444.2
Transport, Postal and Warehousing4.830.4
Information Media and Telecommunications2.012.2
Financial and Insurance Services9.05.4
Rental, Hiring and Real Estate0.25.7
Professional, Scientific and Technical Services8.03.0
Administrative and Support Services-18.8-13.3
Education and Training-1.130.9
Health Care and Social Assistance3.819.9
Arts and Recreation Services14.639.1
Other Services-11.3113.6
Industry chain volume buildings and structures
Mar Qtr 23 to Jun Qtr 23Jun Qtr 22 to Jun Qtr 23
% change% change
Mining3.17.7
Manufacturing15.047.8
Electricity, Gas, Water and Waste-2.914.0
Construction-17.59.3
Wholesale Trade17.02.8
Retail Trade-14.1-7.0
Accommodation and Food Services37.760.6
Transport, Postal and Warehousing-0.423.6
Information Media and Telecommunications6.314.2
Financial and Insurance Services26.5-6.5
Rental, Hiring and Real Estate-2.310.8
Professional, Scientific and Technical Services15.644.5
Administrative and Support Services21.644.2
Education and Training9.843.8
Health Care and Social Assistance-1.314.3
Arts and Recreation Services52.587.0
Other Services36.3-0.9
Industry chain volume equipment and machinery
Mar Qtr 23 to Jun Qtr 23Jun Qtr 22 to Jun Qtr 23
% change% change
Mining-4.8-8.8
Manufacturing-5.0-0.1
Electricity, Gas, Water and Waste-10.614.2
Construction34.9-5.0
Wholesale Trade8.711.4
Retail Trade-6.2-4.0
Accommodation and Food Services18.332.9
Transport, Postal and Warehousing8.234.8
Information Media and Telecommunications-12.05.4
Financial and Insurance Services6.48.0
Rental, Hiring and Real Estate4.8-2.3
Professional, Scientific and Technical Services6.5-3.2
Administrative and Support Services-25.7-22.0
Education and Training-32.4-7.5
Health Care and Social Assistance10.226.9
Arts and Recreation Services-14.82.6
Other Services-16.7176.6

State movements

State chain volume seasonally adjusted total capex
Mar Qtr 23 to Jun Qtr 23Jun Qtr 22 to Jun Qtr 23
% change% change
New South Wales2.311.0
Victoria5.215.8
Queensland5.711.5
South Australia3.719.0
Western Australia6.16.3
Tasmania12.2-6.2
Northern Territory11.28.4
Australian Capital Territory7.2-7.3

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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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