This issue includes the fifth estimate (Estimate 5) for 2016-17 and the first estimate (Estimate 1) for 2017-18. Estimate 5 for 2016-17 is $112,155m. This is 9.0% lower than Estimate 5 for 2015-16. Estimate 5 is 4.6% higher than Estimate 4 for 2016-17. Estimate 1 for 2017-18 is $80,625m. This is 3.9% lower than Estimate 1 for 2016-17.
Private Capital Expenditure fell 2.1%
The trend volume estimate for total new capital expenditure fell 3.1% in the December quarter 2016 and the seasonally adjusted estimate fell 2.1%. The trend volume estimate for buildings and structures fell 4.7% in the December quarter 2016 and the seasonally adjusted estimate fell 4.1%. The trend volume estimate for equipment, plant and machinery fell 0.4% in the December quarter 2016 while the seasonally adjusted estimate rose 0.4%.
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