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
March 2024
Released
30/05/2024

Key statistics

  • Total new capital expenditure rose by 1.0%
  • Buildings and structures fell by 0.9%
  • Equipment, plant and machinery rose by 3.3%
  • Estimate 2 for 2024-25 is $155.4b. This is 6.8% higher than Estimate 1 for 2024-25
Key data items
  Mar Qtr 24 ($m)Dec Qtr 23 to Mar Qtr 24 (% change)Mar Qtr 23 to Mar Qtr 24 (% change)
Seasonally adjusted(a)   
 Total new capital expenditure404871.05.5
 Buildings and structures21449-0.94.7
 Equipment, plant and machinery190383.36.5
Trend(a)   
 Total new capital expenditure404020.65.3
 Buildings and structures21538-0.14.8
 Equipment, plant and machinery188611.45.9
  1. In volume terms

Source: Australian Bureau of Statistics, Private New Capital Expenditure and Expected Expenditure, Australia March 2024

New capital expenditure in seasonally adjusted volume terms

Total new capital expenditure

  • The trend estimate for total new capital expenditure rose 0.6%
  • The seasonally adjusted estimate for total new capital expenditure rose 1.0% 
  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 fell 0.1% 
  • The seasonally adjusted estimate for buildings and structures fell 0.9%
  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 1.4%
  • The seasonally adjusted estimate for equipment, plant and machinery rose 3.3% 
  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 fell 0.8%
  • The seasonally adjusted estimate for Mining fell 4.7% 
  • The trend estimate for Non-mining rose 1.2%
  • The seasonally adjusted estimate for Non-mining rose 3.3%
  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 March 2024

Total capital expenditure

  • Estimate 6 for 2023-24 is $180.6b
  • This is 2.5% higher than Estimate 5 for 2023-24
  • Estimate 2 for 2024-25 is $155.4b
  • This is 6.8% higher than Estimate 1 for 2024-25

Buildings and structures

  • Estimate 6 for 2023-24 is $100.9b
  • This is 0.2% lower than Estimate 5 for 2023-24
  • Estimate 2 for 2024-25 is $94.5b
  • This is 6.7% higher than Estimate 1 for 2024-25

Equipment and machinery

  • Estimate 6 for 2023-24 is $79.7b
  • This is 6.2% higher than Estimate 5 for 2023-24
  • Estimate 2 for 2024-25 is $60.9b
  • This is 7.0% higher than Estimate 1 for 2024-25

Mining

  • Estimate 6 for 2023-24 is $53.5b
  • This is 2.4% higher than Estimate 5 for 2023-24
  • Estimate 2 for 2024-25 is $48.1b
  • This is 7.0% higher than Estimate 1 for 2024-25

Non-mining

  • Estimate 6 for 2023-24 is $127.1b
  • This is 2.6% higher than Estimate 5 for 2023-24
  • Estimate 2 for 2024-25 is $107.3b
  • This is 6.8% higher than Estimate 1 for 2024-25

Detailed industry movements by asset type

Industry chain volume seasonally adjusted total capex percentage change
Dec Qtr 23 to Mar Qtr 24Mar Qtr 23 to Mar Qtr 24
% change% change
Mining-4.72.0
Manufacturing-6.80.2
Electricity, Gas, Water and Waste-4.13.0
Construction4.855.3
Wholesale Trade-13.0-17.1
Retail Trade15.13.1
Accommodation and Food Services0.422.0
Transport, Postal and Warehousing15.88.2
Information Media and Telecommunications19.639.0
Financial and Insurance Services-3.13.1
Rental, Hiring and Real Estate-3.6-11.7
Professional, Scientific and Technical Services7.216.3
Administrative and Support Services17.7-38.5
Education and Training-5.919.1
Health Care and Social Assistance12.416.4
Arts and Recreation Services37.418.6
Other Services-16.8-38.6
Industry chain volume buildings and structures percentage change
Dec Qtr 23 to Mar Qtr 24Mar Qtr 23 to Mar Qtr 24
% change% change
Mining-5.23.9
Manufacturing0.924.8
Electricity, Gas, Water and Waste-6.03.8
Construction-28.7-2.5
Wholesale Trade-11.5-20.6
Retail Trade8.4-17.5
Accommodation and Food Services7.035.2
Transport, Postal and Warehousing18.92.4
Information Media and Telecommunications6.120.7
Financial and Insurance Services61.361.3
Rental, Hiring and Real Estate-7.0-20.6
Professional, Scientific and Technical Services3.4-3.2
Administrative and Support Services-11.6-30.9
Education and Training-4.624.1
Health Care and Social Assistance9.57.2
Arts and Recreation Services68.166.9
Other Services-8.767.9
Industry chain volume equipment and machinery percentage change
Dec Qtr 23 to Mar Qtr 24Mar Qtr 23 to Mar Qtr 24
% change% change
Mining-3.2-3.0
Manufacturing-11.0-10.7
Electricity, Gas, Water and Waste10.1-1.9
Construction7.560.2
Wholesale Trade-13.4-16.1
Retail Trade16.79.3
Accommodation and Food Services-4.413.0
Transport, Postal and Warehousing13.912.1
Information Media and Telecommunications60.699.8
Financial and Insurance Services-12.2-5.8
Rental, Hiring and Real Estate1.95.9
Professional, Scientific and Technical Services7.920.3
Administrative and Support Services25.8-39.8
Education and Training-10.14.9
Health Care and Social Assistance15.628.1
Arts and Recreation Services5.1-19.0
Other Services-19.5-50.6

State movements

State chain volume seasonally adjusted total capex percentage change
Dec Qtr 23 to Mar Qtr 24Mar Qtr 23 to Mar Qtr 24
% change% change
New South Wales1.3-0.3
Victoria1.35.3
Queensland5.910.1
South Australia14.7-0.6
Western Australia-6.78.3
Tasmania30.944.5
Northern Territory-24.512.6
Australian Capital Territory8.632.2

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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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