Plant & machinery growth decline in March quarter 2006 marginally

01 Jun '06

2 min read

March Key Points: Actual Expenditure (Volume Terms)
The trend estimate for total capital expenditure increased by 4.8 percent in March quarter 2006.

It rose by 0.6 percent in seasonally adjusted terms following a revised increase of 13.0 percent in the December quarter 2005.

An increase in seasonally adjusted expenditure on buildings and structures (up 3.6 percent) has been the source of growth this quarter, mainly driven by Mining.

Seasonally adjusted expenditure on equipment, plant and machinery declined 0.5 percent following a revised increase of 14.2 percent in the December quarter 2005. The fall was mainly driven by Manufacturing and the Other selected industries.

Expected Expenditure (Current Terms)
This issue includes the sixth estimate for 2005-06 and the second estimate for 2006-07.

Estimate 6 for 2005-06 is $71,443m. This estimate is 23.6 percent higher than Estimate 6 for 2004-05 and 4.3 percent higher than Estimate 5 for 2005-06.

Estimate 2 for 2006-07 is $58,877m. This is 20.5 percent higher than Estimate 2 for 2005-06 and 8.9 percent higher than estimate 1 for 2006-07.

Manufacturing
The rate of growth in the trend estimate for Manufacturing continued to ease in the March quarter 2006 increasing 0.4 percent. In seasonally adjusted terms, the estimate fell 3.1 percent, the second consecutive quarter of decline after experiencing a strong quarter of growth in the September quarter 2005.

Equipment, plant and machinery is the main contributor to the fall, down 3.3 percent while buildings and structures, declined 2.6 percent in seasonally adjusted terms.

Australian Bureau of Statistics

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