Private New Capital Expenditure and Expected Expenditure
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Preliminary estimates derived from a sample survey of private businesses. Contains estimates of actual and expected new capital expenditure by type of asset (new buildings and other structures/equipment, plant and machinery) and by selected Australian and New Zealand Standard Industrial Classification industries. These statistics are expressed in current prices and chain volume measures, in original, seasonally adjusted and trend terms and are available for Australia and by state/territory.

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Quarterly

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The survey is conducted by mail on a quarterly basis. It is based on a random sample of approximately 8,000 units which is stratified by industry, state/territory and derived employment size. The figures obtained from the selected units are supplemented by data from units which have large capital expenditure and are outside the sample framework, or not adequately covered by it.

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In the Survey of New Capital Expenditure, the statistical unit used to represent businesses, and for which statistics are reported, is the Australian Business Number (ABN) unit, in most cases. The ABN unit is the business unit which has registered for an ABN, and thus appears on the ATO administered Australian Business Register. This unit is suitable for ABS statistical needs when the business is simple in structure.

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The Survey of New Capital Expenditure, like most ABS economic collections, takes its frame from Employing and Non-Employing Units on the ABS Business Register which is primarily based on ABN registrations to the Australian Business Register, which is managed by the Australian Taxation Office (ATO). The frame is updated quarterly to take account of new businesses and changes in the characteristics of businesses, such as industry and size.

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The Australian and New Zealand Standard Industrial Classification (ANZSIC) has been developed for use in both countries for the production and analysis of industry statistics. For more information, users are referred to Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (cat. no. 1292.0). In order to classify new capital expenditure by industry, each statistical unit (as defined above) is classified to the (ANZSIC) industry in which it mainly operates.

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For a more detailed explanation of the concepts and methods used in compiling the National Accounts estimates see Australian National Accounts: Concepts, Sources and Methods (cat. no. 5216.0).

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The quarterly original actual new capital expenditure series in this publication are affected in varying degrees by seasonal influences. The seasonal adjustment process estimates and removes the effects of normal seasonal variations from the original series so that the effects of other influences can be more easily recognised.In the seasonal adjustment process, account has been taken of normal seasonal factors (e.g. increase in June quarter capital expenditure due to the impending end of the financial year) to produce the seasonally adjusted estimates. Particular care should be taken in interpreting quarterly movements in the seasonally adjusted estimates because seasonal adjustment does not remove the effect of irregular or non-seasonal influences (e.g. change in interest rates) and reflects the sampling and other errors to which the original estimates are subject.

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Private New Capital Expenditure and Expected ExpenditureAbstract

Preliminary estimates derived from a sample survey of private businesses. Contains estimates of actual and expected new capital expenditure by type of asset (new buildings and other structures/equipment, plant and machinery) and by selected Australian and New Zealand Standard Industrial Classification industries. These statistics are expressed in current prices and chain volume measures, in original, seasonally adjusted and trend terms and are available for Australia and by state/territory.

Contact person/organisation

For further information about these and related statistics, contact the National Information and Referral Services on 1300 135 070.

Name of collection/source

This publication contains estimates of actual and expected new capital expenditure by private businesses for selected industries in Australia. The series have been compiled from data collected by the Australian Bureau of Statistics (ABS) in its quarterly Survey of New Capital Expenditure.

Direct source

5625.0 - Private New Capital Expenditure and Expected Expenditure, Australia, March 2013

Private New Capital Expenditure and expected Expenditurehttp://www.abs.gov.au/ausstats/abs@.nsf/mf/5625.0?OpenDocument
Source Periodicity

Quarterly

Sampling

The survey is conducted by mail on a quarterly basis. It is based on a random sample of approximately 8,000 units which is stratified by industry, state/territory and derived employment size. The figures obtained from the selected units are supplemented by data from units which have large capital expenditure and are outside the sample framework, or not adequately covered by it.

Periodicity

Quarterly

Statistical population

The Survey of New Capital Expenditure, like most ABS economic collections, takes its frame from Employing and Non-Employing Units on the ABS Business Register which is primarily based on ABN registrations to the Australian Business Register, which is managed by the Australian Taxation Office (ATO). The frame is updated quarterly to take account of new businesses and changes in the characteristics of businesses, such as industry and size.

Population coverage

In the Survey of New Capital Expenditure, the statistical unit used to represent businesses, and for which statistics are reported, is the Australian Business Number (ABN) unit, in most cases. The ABN unit is the business unit which has registered for an ABN, and thus appears on the ATO administered Australian Business Register. This unit is suitable for ABS statistical needs when the business is simple in structure.

Key statistical concept

For a more detailed explanation of the concepts and methods used in compiling the National Accounts estimates see Australian National Accounts: Concepts, Sources and Methods (cat. no. 5216.0).

Australian National Accounts: Concepts, Sources and Methodshttp://www.abs.gov.au/ausstats/abs@.nsf/mf/5216.0
Classification(s) used

The Australian and New Zealand Standard Industrial Classification (ANZSIC) has been developed for use in both countries for the production and analysis of industry statistics. For more information, users are referred to Australian and New Zealand Standard Industrial Classification (ANZSIC), 2006 (cat. no. 1292.0). In order to classify new capital expenditure by industry, each statistical unit (as defined above) is classified to the (ANZSIC) industry in which it mainly operates.

Index type

The chain volume measures appearing in this publication are annually reweighted chain Laspeyres indexes referenced to current price values in the chosen reference year (currently 2008-09). The current price values may be thought to be the product of a price and quantity. The value in chain volume terms can be derived by linking together movements in volumes, calculated using the average prices of the previous financial year and applying compound movements to the current price estimates of the reference year. Each year's quarter-to-quarter growth rates in the chain volume series are based on the prices of the previous financial year, except for those quarters of the latest incomplete year which are based upon the second most recent financial year. Quarterly chain volume estimates for a financial year sum to the corresponding annual estimate.

Explanatory Noteshttp://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/5625.0Explanatory%20Notes1Jun%202017?OpenDocument
Seasonal adjustment

The quarterly original actual new capital expenditure series in this publication are affected in varying degrees by seasonal influences. The seasonal adjustment process estimates and removes the effects of normal seasonal variations from the original series so that the effects of other influences can be more easily recognised.In the seasonal adjustment process, account has been taken of normal seasonal factors (e.g. increase in June quarter capital expenditure due to the impending end of the financial year) to produce the seasonally adjusted estimates. Particular care should be taken in interpreting quarterly movements in the seasonally adjusted estimates because seasonal adjustment does not remove the effect of irregular or non-seasonal influences (e.g. change in interest rates) and reflects the sampling and other errors to which the original estimates are subject.

Explanatory Noteshttp://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/5625.0Explanatory%20Notes1Jun%202017?OpenDocument
Quality comments

See Quality Declaration document

Quality Declarationhttp://www.abs.gov.au/AUSSTATS/abs@.nsf/Latestproducts/5625.0Quality%20Declaration1Jun%202017?opendocument&tabname=Notes&prodno=5625.0&issue=Jun%202017&num=&view=