Capital expenditure on the increase
Capital expenditure has increased across the economy, with the mining sector driving the majority of 6.1 per cent growth according to the Australian Bureau of Statistics. The trend volume for estimated building and structures rose an estimated 10.5 per cent seasonally adjusted, while the trend volume for investment for equipment, plant and machinery fell by 0.1 per cent,
The trend estimate for Mining rose 10.0% in the March quarter 2012. Buildings and structures rose 10.5% and equipment, plant and machinery rose 3.5%. The seasonally adjusted estimate for Mining rose 14.0% in the March quarter 2012. Buildings and structures rose 15.6% and equipment, plant and machinery rose 7.1% in seasonally adjusted terms.
Estimate 6 for 2011-12 is $158,028m. This is 27.5% higher than Estimate 6 for 2010-11. Estimate 6 is 2.3% lower than Estimate 5 for 2011-12.