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28 May 2015
Australia's capex second estimate 2015/16 lower-than-expected
FXStreet (Bali) - Australia's private capital expenditure has come at -4.4% for Q1 vs - 2.2% in Q4 last year, while second estimate 2015/16 capex was A$104.0 bln vs earlier estimate of A$109.8 bln.
MARCH KEY POINTS
ACTUAL EXPENDITURE (VOLUME TERMS)
The trend volume estimate for total new capital expenditure fell 2.3% in the March quarter 2015 while the seasonally adjusted estimate fell 4.4%.
The trend volume estimate for buildings and structures fell 3.7% in the March quarter 2015 while the seasonally adjusted estimate fell 6.5%.
The trend volume estimate for equipment, plant and machinery rose 0.7% in the March quarter 2015 while the seasonally adjusted estimate fell 0.5%.
EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
This issue includes the sixth estimate (Estimate 6) for 2014-15 and the second estimate (Estimate 2) for 2015-16.
Estimate 6 for 2014-15 is $149,946m. This is 8.1% lower than Estimate 6 for 2013-14. Estimate 6 is 0.6% lower than Estimate 5 for 2014-15.
Estimate 2 for 2015-16 is $104,033m. This is 24.6% lower than Estimate 2 for 2014-15. Estimate 2 is 1.4% higher than Estimate 1 for 2015-16.
CHANGES TO THIS ISSUE
The December quarter estimate for expected expenditure in 2015-16, Estimate 1, has been revised downwards by $7,228m (-6.6%). Buildings and structures was revised downwards by $6,788m (-8.9%) and equipment, plant and machinery was revised downwards by $440m (-1.3%). The December quarter estimate of short term expectation for total capital expenditure in the six months ending 30th June 2015 was revised downwards by $2,196m (-3.0%) and the estimate for actual total capital expenditure for the December quarter 2014 was revised upwards by $338m (+0.8%) in original, current price terms. The revisions are due to updated information received from survey respondents.
MARCH KEY POINTS
ACTUAL EXPENDITURE (VOLUME TERMS)
The trend volume estimate for total new capital expenditure fell 2.3% in the March quarter 2015 while the seasonally adjusted estimate fell 4.4%.
The trend volume estimate for buildings and structures fell 3.7% in the March quarter 2015 while the seasonally adjusted estimate fell 6.5%.
The trend volume estimate for equipment, plant and machinery rose 0.7% in the March quarter 2015 while the seasonally adjusted estimate fell 0.5%.
EXPECTED EXPENDITURE (CURRENT PRICE TERMS)
This issue includes the sixth estimate (Estimate 6) for 2014-15 and the second estimate (Estimate 2) for 2015-16.
Estimate 6 for 2014-15 is $149,946m. This is 8.1% lower than Estimate 6 for 2013-14. Estimate 6 is 0.6% lower than Estimate 5 for 2014-15.
Estimate 2 for 2015-16 is $104,033m. This is 24.6% lower than Estimate 2 for 2014-15. Estimate 2 is 1.4% higher than Estimate 1 for 2015-16.
CHANGES TO THIS ISSUE
The December quarter estimate for expected expenditure in 2015-16, Estimate 1, has been revised downwards by $7,228m (-6.6%). Buildings and structures was revised downwards by $6,788m (-8.9%) and equipment, plant and machinery was revised downwards by $440m (-1.3%). The December quarter estimate of short term expectation for total capital expenditure in the six months ending 30th June 2015 was revised downwards by $2,196m (-3.0%) and the estimate for actual total capital expenditure for the December quarter 2014 was revised upwards by $338m (+0.8%) in original, current price terms. The revisions are due to updated information received from survey respondents.