Quarterly statistics about actual and expected private new capex investment spend on buildings and equipment by industry
| Sep Qtr 22 | Jun Qtr 22 to Sep Qtr 22 | Sep Qtr 21 to Sep Qtr 22 | ||
|---|---|---|---|---|
| $m | % change | % change | ||
| Seasonally adjusted(a) | ||||
| Total new capital expenditure | 33878 | -0.6 | 1.7 | |
| Buildings and structures | 17571 | 0.5 | 1.4 | |
| Equipment, plant and machinery | 16308 | -1.6 | 2.2 | |
| Trend(a) | ||||
| Total new capital expenditure | 33963 | -0.2 | 1.1 | |
| Buildings and structures | 17503 | -0.8 | -0.1 | |
| Equipment, plant and machinery | 16469 | 0.5 | 2.9 | |
a. In volume terms
Each September quarter, the reference and base year for chain volume estimates for the Survey of Private New Capital Expenditure are updated. A new base year, 2020-21, has been introduced into the chain volume estimates which has resulted in minor revisions to growth rates in subsequent periods. In addition, the chain volume estimates have been re-referenced to 2020-21. Additivity is preserved in the quarters of the reference year and subsequent quarters. Re-referencing affects the level of but not the movements in chain volume estimates.
In early 2020 the ABS suspended trend series, in addition to adopting forward factors to produce seasonally adjusted series. The trend estimate indicates the medium to long direction of a time series. To estimate the trend, the effect of significant events like disruptions associated with COVID-19 are assigned to either the trend or irregular components of a time series. The rationale for suspending trend series was that it was unknown whether the impacts from COVID-19 would be short or medium to long-term, and therefore there was high probability of needing to significantly revise initial assessments of the impacts of COVID-19 on the trend.
The trend series for New Capital Expenditure has been reviewed and been reinstated.
Over the last two years, the impacts of COVID-19 on New Capital Series have not caused multiple abrupt changes in the series level in short succession, and so it is appropriate to describe a trend level through the past two years. As a result, New Capital Expenditure will also be publishing a trend over the previous two years for relevant series.
The trend estimate for total new capital expenditure fell 0.2%
The seasonally adjusted estimate for total new capital expenditure fell 0.6%
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.
The trend estimate for buildings and structures fell 0.8%
The seasonally adjusted estimate for buildings and structures rose 0.5%
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.
The trend estimate for equipment, plant and machinery rose 0.5%
The seasonally adjusted estimate for equipment, plant and machinery fell 1.6%
a. Trend break added to 'Total non-mining capital expenditure ' trend series for Dec 2018, Sep 2015, Sep 2008, Mar 2007 and Jun 2003.
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 |
Estimate 4 for 2022-23 is $89.2b
This is 2.3% higher than Estimate 3 for 2022-23
This is 13.5% higher than Estimate 4 for 2021-22
Estimate 4 for 2022-23 is $66.5b
This is 10.4% higher than Estimate 3 for 2022-23
This is 10.9% higher than Estimate 4 for 2021-22
Estimate 4 for 2022-23 is $46.8b
This is 3.0% higher than Estimate 3 for 2022-23
This is 11.0% higher than Estimate 4 for 2021-22
Estimate 4 for 2022-23 is $108.9b
This is 6.8% higher than Estimate 3 for 2022-23
This is 12.9% higher than Estimate 4 for 2021-22
| Jun Qtr 22 to Sep Qtr 22 | Sep Qtr 21 to Sep Qtr 22 | |
|---|---|---|
| % change | % change | |
| Mining | -5.1 | 1.7 |
| Manufacturing | 3.3 | 9.1 |
| Electricity, Gas, Water and Waste | 5.0 | 4.5 |
| Construction | 4.2 | 9.8 |
| Wholesale Trade | -1.3 | -11.4 |
| Retail Trade | -12.3 | -11.5 |
| Accommodation and Food Services | -10.4 | 7.6 |
| Transport, Postal and Warehousing | 7.0 | 11.2 |
| Information Media and Telecommunications | 6.9 | 0.7 |
| Financial and Insurance Services | -6.9 | -5.5 |
| Rental, Hiring and Real Estate | -2.8 | 5.9 |
| Professional, Scientific and Technical Services | -9.3 | -1.4 |
| Administrative and Support Services | -7.4 | -13.5 |
| Education and Training | 4.6 | 3.7 |
| Health Care and Social Assistance | 10.1 | -8.2 |
| Arts and Recreation Services | -1.1 | 1.9 |
| Other Services | 32.2 | -26.5 |
| Jun Qtr 22 to Sep Qtr 22 | Sep Qtr 21 to Sep Qtr 22 | |
|---|---|---|
| % change | % change | |
| Mining | -5.3 | -2.0 |
| Manufacturing | 3.2 | 21.9 |
| Electricity, Gas, Water and Waste | 7.0 | 6.3 |
| Construction | -58.2 | 64.0 |
| Wholesale Trade | -7.7 | -15.4 |
| Retail Trade | -9.5 | -27.0 |
| Accommodation and Food Services | -21.8 | 4.1 |
| Transport, Postal and Warehousing | 13.0 | 1.8 |
| Information Media and Telecommunications | 8.4 | 2.3 |
| Financial and Insurance Services | -33.3 | -51.2 |
| Rental, Hiring and Real Estate | 4.6 | 12.8 |
| Professional, Scientific and Technical Services | -25.8 | -5.0 |
| Administrative and Support Services | -6.8 | -16.3 |
| Education and Training | 13.4 | 8.3 |
| Health Care and Social Assistance | 17.5 | 3.4 |
| Arts and Recreation Services | 6.7 | 24.5 |
| Other Services | -27.9 | -29.2 |
| Jun Qtr 22 to Sep Qtr 22 | Sep Qtr 21 to Sep Qtr 22 | |
|---|---|---|
| % change | % change | |
| Mining | -4.9 | 11.7 |
| Manufacturing | 3.3 | 5.1 |
| Electricity, Gas, Water and Waste | -7.7 | -7.2 |
| Construction | 7.5 | 9.1 |
| Wholesale Trade | 0.8 | -10.1 |
| Retail Trade | -13.1 | -5.6 |
| Accommodation and Food Services | -2.7 | 9.5 |
| Transport, Postal and Warehousing | 3.1 | 18.8 |
| Information Media and Telecommunications | 2.0 | -5.3 |
| Financial and Insurance Services | -1.1 | 9.4 |
| Rental, Hiring and Real Estate | -14.6 | -5.4 |
| Professional, Scientific and Technical Services | -6.9 | -1.0 |
| Administrative and Support Services | -7.9 | -13.4 |
| Education and Training | -21.5 | -12.8 |
| Health Care and Social Assistance | 0.8 | -21.2 |
| Arts and Recreation Services | -7.4 | -13.3 |
| Other Services | 64.2 | -26.0 |
| Jun Qtr 22 to Sep Qtr 22 | Sep Qtr 21 to Sep Qtr 22 | |
|---|---|---|
| % change | % change | |
| New South Wales | 5.3 | 7.7 |
| Victoria | -6.4 | -0.1 |
| Queensland | -2.4 | 3.3 |
| South Australia | 5.4 | -3.6 |
| Western Australia | -7.6 | -4.7 |
| Tasmania | 17.7 | 7.6 |
| Northern Territory | 3.9 | 9.3 |
| Australian Capital Territory | -8.9 | 0.3 |
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Please check the reference period when using Data Explorer.
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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This release previously used catalogue number 5625.0.