Aussie capex expectations sink

Via the ABS:

Total capital expenditure

  • Estimate 6 for 2019-20 is $115,434m. This is -3.8% lower than Estimate 5 for 2019-20.
  • Estimate 2 for 2020-21 is $90,891m. This is -8.8% lower than Estimate 1 for 2020-21.
skyline graph for total capex

Buildings and structures

  • Estimate 6 for 2019-20 is $62,781m. This is -8.3% lower than Estimate 5 for 2019-20.
  • Estimate 2 for 2020-21 is $53,935m. This is -11.6% lower than Estimate 1 for 2020-21.
skyline graph for buildings

Equipment, plant and machinery

  • Estimate 6 for 2019-20 is $52,653m. This is 2.0% higher than Estimate 5 for 2019-20.
  • Estimate 2 for 2020-21 is $36,955m. This is -4.5% lower than Estimate 1 for 2020-21.
skyline graph for equipment
Mining
  • Estimate 6 for 2019-20 is $35,469m. This is -7.3% lower than Estimate 5 for 2019-20.
  • Estimate 2 for 2020-21 is $35,827m. This is -6.8% lower than Estimate 1 for 2020-21.
skyline graph for total mining
Manufacturing
  • Estimate 6 for 2019-20 is $9,557m. This is -1.6% lower than Estimate 5 for 2019-20.
  • Estimate 2 for 2020-21 is $7,299m. This is -7.0% lower than Estimate 1 for 2020-21.
skyline graph for total manufacturing

Other selected industries

  • Estimate 6 for 2019-20 is $70,408m. This is -2.3% lower than Estimate 5 for 2019-20.
  • Estimate 2 for 2020-21 is $47,764m. This is -10.6% lower than Estimate 1 for 2020-21.
skyline graph for total other selected industries

Needless to say, pretty bad.

David Llewellyn-Smith
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