According to the latest figures released, the estimate of business capital spending fell by about 5 per cent during the quarter from January to March, 2013 in Australia.

Data from the Australian Bureau of Statistics showed that the total business capital spending fell 5 per cent during the quarter after adjusting for price changes and the regular seasonal pattern.

The fall of five per cent follows a two per cent fall in the December quarter following a rise in the September quarter.

Experts say that Australia's mining investment is over and this has affected the latest capital spending and building approvals in the country. In the mining sector, the total investment in buildings, structures, equipment and machinery fell 6 per cent during the quarter. Many believe that the resource boom in Australia, which helped the country better face the effects of a global economic slowdown, might be getting over.

In the other sectors measured by the Bureau, the capital spending has fallen 6 per cent during the previous eight quarters. This indicates that the rest of the economy might not be ready to compensate the fall in the mining sector in order to maintain the rate of growth.