Private New Capital Expenditure and Expected Expenditure, Australia, March 2021

Key statistics • Total new capital expenditure rose by 6.3% • Buildings and structures rose by 3.8% • Equipment, plant and machinery rose by 9.1% • Estimate 2 for 2021-22 is $113,635m. This is 7.9% higher than Estimate 1 for 2021-22 Update to seasonal adjustment methods New Capital Expenditure uses the concurrent seasonal adjustment method, meaning that seasonal factors are re-estimated each time a new data point becomes available. If not appropriately accounted for, unusual real-world events such as COVID-19 can distort estimates calculated using this method. From September quarter 2020 for selected … (full story)

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