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Manufacturing

Capital expenditure As table 19.15 shows, new capital expenditure by private sector businesses in the manufacturing industry rose slightly (by 2.6%) between 1998-99 and 1999-2000 following a fall of almost 15% between 1997-98 and 1998-99. Five of the nine manufacturing subdivisions experienced an increase in new capital expenditure. Largest percentage rises were for Wood and paper product manufacturing (by 26%), Petroleum, coal, chemical and associated product manufacturing (by 19%) and Machinery and equipment manufacturing (by 14%). Largest percentage falls were for Textile, clothing, footwear and leather manufacturing (by 26%) and Metal product manufacturing (by 24%).

Comparing private new capital expenditure levels in 1999-2000 with those of two years earlier shows lower levels in seven of the nine manufacturing subdivisions. Largest decreases were in Non-metallic mineral product manufacturing (by 46%), Textile, clothing, footwear and leather manufacturing (by 26%), Machinery and equipment manufacturing (by 28%) and Other manufacturing (by 27%). The only increases were for Petroleum, coal, chemical and associated product manufacturing (by 13%) and Wood and paper product manufacturing (by 9%).


19.15 PRIVATE NEW CAPITAL EXPENDITURE IN MANUFACTURING INDUSTRY
Industry subdivision
1997-98

$m
1998-99

$m
1999-2000

$m
Food, beverage and tobacco manufacturing
2,443
2,088
2,221
Textile, clothing, footwear and leather manufacturing
289
263
196
Wood and paper product manufacturing
906
786
987
Printing, publishing and recorded media
796
803
782
Petroleum, coal, chemical and associated product manufacturing
1,595
1,512
1,801
Non-metallic mineral product manufacturing
870
499
469
Metal product manufacturing
1,666
1,941
1,482
Machinery and equipment manufacturing
2,130
1,335
1,524
Other manufacturing
301
209
221
Total manufacturing
10,996
9,435
9,685
Source: Private New Capital Expenditure, Australia, Actual and Expected Expenditure (5625.0).
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