Australia's CAPEX: Q3 rises 1%, estimate for 2017/18 higher

Australia's third quarter capex (private capital expenditure), came in at 1 percent as expected, but slightly below the previous figure of 1.1 percent. The first estimate of 2017/18 capex printed at $108,922m.

September key points

ACTUAL EXPENDITURE (VOLUME TERMS)

• The trend volume estimate for total new capital expenditure rose by 1.1% in the September quarter 2017 while the seasonally adjusted estimate rose by 1.0%.
• The trend volume estimate for buildings and structures rose by 1.0% in the September quarter 2017 while the seasonally adjusted estimate rose by 1.2%.
• The trend volume estimate for equipment, plant and machinery rose by 1.2% in the September quarter 2017 while the seasonally adjusted estimate rose by 0.7%.

EXPECTED EXPENDITURE (CURRENT PRICE TERMS)

• This issue includes the fourth estimate (Estimate 4) for 2017-18.
• Estimate 4 for 2017-18 is $108,922m. This is 1.6% higher than Estimate 4 for 2016-17. Estimate 4 is 5.6% higher than Estimate 3 for 2017-18.
• See pages 7-10 for further commentary on expectations data.