Economic briefing note on private capital expenditure in September 2016

September 2016

Release date: 1 December 2016
Next release: 23 February 2017

Private capital expenditure spending in Victoria increased by 3.4 per cent in the September quarter 2016, to be up 8.2 per cent over the year to the September quarter 2016. Private capital expenditure spending nationally decreased by 4.0 per cent in the September quarter 2016, to be down 13.7 per cent over the year to the September quarter 2016.

National capital expenditure by mining businesses has experienced a downward trend since the June quarter 2012. National manufacturing expenditure has trended downwards since September quarter 2011.

Nationally, for other industries (not mining and manufacturing) capital expenditure decreased 1.9 per cent in the September quarter 2016 after a rise of 0.4 per cent in the June quarter 2016. 

Private capital expenditure NSW VIC QLD SA WA TAS AUS
September quarter 2016 ($m) 71735068 5385 11867562 220 28,030
Change in the quarter to September 2016, $million (%) -257 (-3.5) 165 (3.4) 142 (2.7) -60 (-4.8) -976 (-11.4) -22 (-9.1) -1178 (-4.0)
Annual change to September 2016, $million (%) 1149 (19.1) 384 (8.2) -1041 (-16.2) -93 (-7.3) -4584 (-37.7) -16 (-6.8) -4464 (-13.7)

Capital expenditure in Australia by industry

This chart shows Private Capital expenditure in Australia in billions of dollars in Chain Volume Measures in the Mining, Manufacturing and Other Industries, between September quarter 2006 and September quarter 2016. Private capital expenditure in the Mining industry was $6.2 billion in September quarter 2006. Private capital expenditure trended upwards between September quarter 2006 and June quarter 2012, reaching a peak of $25.3 billion in June quarter 2012. Since June quarter 2012, private capital expenditure in the Mining industry has trended downwards, and sits at $9.8 billion in June quarter 2016. Private capital expenditure in the Manufacturing industry was $3.4 billion in September quarter 2006. Private capital expenditure trended upwards between September quarter 2006 and September quarter 2011, reaching a peak of $3.9 billion in September quarter 2011. Since September quarter 2011, private capital expenditure in the Manufacturing industry has trended downwards, and sits at $2.0 billion in September quarter 2016. Private capital expenditure in all other industries was $11.8 billion in September quarter 2006. Private capital expenditure trended upwards between September quarter 2006 and March quarter 2011, reaching a peak of $16.0 billion in March quarter 2011. Between March quarter 2011 and March quarter 2013, private capital expenditure in all other industries trended downwards, reaching $14.3 billion in March quarter 2013. Since March quarter 2013 private capital expenditure in all other industries has trended upwards, and sits at $16.2 billion in September quarter 2016. 

QuarterMining ($billion)Manufacturing ($billion)Other industries ($billion)
September 20066.23.411.8
March 2011n/an/a16.0
September 2011n/a3.9n/a
June 201225.3n/an/a
March 2013n/an/a14.3
September 20169.82.016.2

Capital expenditure in Victoria and Australia

This chart shows Private Capital expenditure in Victoria and Australia in billions of dollars in Chain Volume Measures, between September quarter 2006 and September quarter 2016. Private capital expenditure in Victoria was $4.6 billion in September quarter 2006. Private capital expenditure trended upwards between September quarter 2006 and December quarter 2009, reaching a peak of $5.8 billion in December quarter 2009. Since December quarter 2009, private capital expenditure in Victoria has trended downwards, and sits at $5.1 billion in September quarter 2016. Private capital expenditure in Australia was $22.7 billion in September quarter 2006. Private capital expenditure trended upwards between June quarter 2006 and June quarter 2012, reaching a peak of $43.3 billion in June quarter 2012. Since June quarter 2012, private capital expenditure in Australia has trended downwards, and sits at $28.0 billion in September quarter 2016. 

QuarterVictoria ($billion)Australia ($billion)
September 20064.622.7
December 20095.8n/a
June 2012n/a43.3
September 20165.128.0

Source: Australian Bureau of Statistics (ABS), cat. no. 5625 – Private new capital expenditure and expected expenditure

Contact

Please email economic.analysis@ecodev.vic.gov.au for more information.

Page last updated: 29 December 2016