Category Archives: Macroeconomy

Lowest confidence in six years – not a happy Friday in Qld

Earlier this year I encountered some resistance at various presentations I gave on the gloomy outlook for the Queensland economy, but I suspect I wouldn’t get much push back now. Today, the Courier-Mail is reporting on its latest YouGov poll results: CONFIDENCE … Continue reading

Posted in Infrastructure, Macroeconomy, Uncategorized | Tagged , , , , , , , | Leave a comment

Federal & state spending propping up national & state economies

I feel sorry for Treasurer Josh Frydenberg, who has the duty of talking up the economy regardless of what the National Accounts data are saying. As you’re no doubt aware by now, the June quarter 2019 National Accounts published by … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , | Leave a comment

Qld private sector CAPEX is disappointing – CCIQ’s Dan Petrie is spot on in today’s Courier-Mail

Today’s Courier-Mail reports some punchy comments from CCIQ spokesman Dan Petrie regarding the news that Queensland has the highest number of bankruptcies in Australia: CCIQ spokesman Dan Petrie said the level of private sector investment in the state had fallen … Continue reading

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , | 2 Comments

Qld construction activity 16% lower than in June quarter last year

Back in February, I depressed several hundred people in the construction and property sectors who heard me speak about the economic outlook at various events around Brisbane (e.g. Qld: hot or not?). It was reasonably clear from building approvals and … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , | Leave a comment

Brisbane Club presentation on Qld economy & latest Value of the Census post at the Mandarin

Last Friday, I presented my thoughts on the economic outlook and the recent Queensland state budget at the Brisbane Club. I highlighted the positives (e.g. resource exports, international education) and negatives (e.g. low business confidence and subdued business investment across … Continue reading

Posted in Budget, Labour market, Macroeconomy, Uncategorized | Tagged , , , , | Leave a comment

Good & bad news on Qld economy – avoids worst effects of property bust, but remains reliant on gov’t spending

Queensland state and local general government capital expenditures increased 13% in March quarter, rising to $2.79 billion, helping Queensland to record 0.5% growth in State Final Demand, the second highest growth rate in Australia (second to Tasmania with 0.7%). Part … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , | 2 Comments

Forty years after Thatcher’s election – CIS event in Brisbane on Thursday 2 May

This Friday, the 3rd of May, is the 40th anniversary of the 1979 UK election which saw Margaret Thatcher become Prime Minister. It is doubtful that any UK Prime Minister since Thatcher will loom as large in our collective memory … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 2 Comments