New Capital Expenditure Falls 0.1 Per Cent: Australia

Private new capital expenditure (capex) fell 0.1 per cent in the March quarter 2025, to be 0.5 per cent lower than the March quarter 2024 (seasonally adjusted, chain volume measures), according to figures released today by the Australian Bureau of Statistics (ABS).

Robert Ewing, ABS head of business statistics, said: 'Business investment fell 0.9 per cent in the non-mining industries, while the mining industry rose 1.9 per cent.'

Building and Equipment, Seasonally Adjusted, Chain Volume Measure

	Building - Seasonal	Building - Trend	Equipment - Seasonal	Equipment - Trend
Mar-05	10,139	9,998	12,056	12,512
Jun-05	10,726	11,041	12,938	12,956
Sep-05	12,493	12,173	13,567	13,748
Dec-05	13,675	13,393	14,870	14,496
Mar-06	14,102	14,459	14,774	14,677
Jun-06	15,617	14,812	14,196	14,496
Sep-06	14,536	14,620	14,448	14,285
Dec-06	13,739	14,565	14,314	14,420
Mar-07	16,835	16,455	14,895	15,006
Jun-07	17,708	17,070	15,653	15,397
Sep-07	16,621	17,440	15,657	15,730
Dec-07	17,908	17,548	16,069	16,108
Mar-08	18,088	17,709	16,519	16,771
Jun-08	17,690	18,384	17,664	17,455
Sep-08	19,526	19,861	17,955	17,641
Dec-08	22,239	21,047	17,147	17,406
Mar-09	20,857	21,138	16,848	16,936
Jun-09	20,428	20,071	17,160	16,881
Sep-09	18,482	19,129	16,441	17,213
Dec-09	19,003	18,983	18,279	17,448
Mar-10	20,011	19,654	17,072	17,095
Jun-10	20,139	20,708	16,417	16,437
Sep-10	22,479	21,631	15,647	16,279
Dec-10	22,204	22,537	17,293	17,002
Mar-11	24,093	24,351	18,211	17,927
Jun-11	26,469	27,041	18,328	18,581
Sep-11	31,745	30,334	18,986	18,863
Dec-11	32,137	33,571	19,044	19,016
Mar-12	36,632	36,096	19,086	19,127
Jun-12	38,115	37,304	19,110	19,314
Sep-12	36,582	37,060	19,634	19,465
Dec-12	35,921	35,855	19,510	19,305
Mar-13	35,042	35,487	18,596	18,886
Jun-13	35,772	36,006	18,277	18,218
Sep-13	37,298	36,456	17,842	17,519
Dec-13	36,228	36,435	16,400	16,817
Mar-14	34,476	36,039	16,702	16,465
Jun-14	36,029	35,740	16,257	16,701
Sep-14	35,205	35,172	17,556	17,205
Dec-14	34,211	33,888	17,431	17,413
Mar-15	31,552	31,959	17,156	17,042
Jun-15	30,578	30,275	16,302	16,278
Sep-15	27,568	28,438	15,406	15,739
Dec-15	28,221	27,245	15,753	15,635
Mar-16	25,523	25,399	15,824	15,843
Jun-16	22,887	23,358	16,108	15,985
Sep-16	21,793	21,984	15,884	15,899
Dec-16	21,915	21,800	15,737	15,754
Mar-17	22,259	22,138	15,642	15,692
Jun-17	22,385	22,504	15,846	15,816
Sep-17	22,812	22,688	16,103	16,158
Dec-17	22,697	22,656	16,523	16,532
Mar-18	22,304	22,362	17,149	16,931
Jun-18	22,061	21,991	16,929	17,329
Sep-18	21,489	21,731	18,017	17,654
Dec-18	22,107	21,855	17,749	17,885
Mar-19	21,524	21,502	17,896	17,925
Jun-19	20,794	21,094	17,929	17,789
Sep-19	20,977	20,668	17,466	17,625
Dec-19	20,039	20,208	17,491	17,341
Mar-20	19,807	19,528	17,121	17,150
Jun-20	18,769	18,753	15,542	17,208
Sep-20	18,120	18,261	15,655	17,513
Dec-20	18,212	18,330	16,835	17,937
Mar-21	18,916	18,918	18,240	18,227
Jun-21	19,862	19,625	18,370	18,339
Sep-21	19,985	20,164	18,352	18,375
Dec-21	20,514	20,395	18,423	18,449
Mar-22	20,528	20,383	18,533	18,585
Jun-22	20,208	20,408	18,874	18,712
Sep-22	20,606	20,695	18,759	18,843
Dec-22	21,529	21,451	19,006	19,116
Mar-23	22,235	22,368	19,563	19,526
Jun-23	23,360	23,062	20,048	19,890
Sep-23	23,291	23,463	20,058	20,145
Dec-23	23,518	23,497	20,213	20,348
Mar-24	23,538	23,295	20,777	20,560
Jun-24	22,793	23,144	20,575	20,727
Sep-24	23,241	23,191	20,808	20,720
Dec-24	23,473	23,416	20,679	20,631
Mar-25	23,678	23,691	20,413	20,528

New equipment and machinery fell 1.3 per cent driven by a 2.0 per cent fall in non-mining equipment. This was partly offset by a 2.4 per cent rise in mining equipment.

'Information media & telecommunication drove the drop in equipment and machinery capex, down 17.9 per cent,' Mr Ewing said.

'The fall sees spending ease back from record levels, following a rise of 19.8 per cent in the December quarter 2024. The series remains 5.2 per cent higher than the same quarter last year.

'Service industries including professional, scientific & technical services, finance & insurance and other services also fell, as businesses invested less in IT equipment and motor vehicles.'

Capex was up 0.9 per cent for buildings and structures, with the mining industry up 1.7 per cent and non-mining rising 0.4 per cent.

'The growth in mining was driven by spending on oil & gas, gold, and other metal ore developments,' Mr Ewing said.

'The health care & social assistance, transport, postal & warehousing, and information media & telecommunication industries also added to the growth.'

The largest falls for states and territories were in Victoria (-5.3 per cent), Northern Territory (-13.2 per cent), and Queensland (-0.9 per cent). The largest rises were in South Australia (+11.1 per cent), and Western Australia (+2.1 per cent).

Figures released today also include updated expectations of planned capex for both the 2024-25 and 2025-26 financial years.

Businesses revised up their expected capex spend by 2.2 per cent (in current prices) for 2024-25. Expected spending for 2025-26 rose by 5.6 per cent since the last estimates three months ago.

/ABS Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.

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