Private New Capital Expenditure — methodology

What this metric measures

New spending by private businesses on buildings, structures, equipment, plant and machinery, current prices, seasonally adjusted.

Why it matters: Business investment adds productive capacity and is a leading indicator of future employment and output. Weak capex now means a smaller economy later.

Source & provenance

Publisher

ABS Private New Capital Expenditure (Cat. 5625.0), CAPEX M1.CUR.TOT.TOT

Update frequency

quarterly

Licence

CC BY 4.0

How the score is computed

The score is a 0–100 normalisation of the latest observation, compared to a baseline window. The traffic-light rating (RAG) reflects both the absolute level and the recent trend.

Direction

Higher is better

Trend window

24 months

Baseline

Last 10 years

{
  "red_max_pct_of_baseline": 95,
  "amber_min_pct_of_baseline": 95,
  "green_min_pct_of_baseline": 102
}