Category Archives: Macroeconomy

Qld Treasury Corporation sees improving economic outlook

Posted on October 9, 2013 by Gene Tunny

The latest Weekly Market and Economics Review for 8 October from Queensland Treasury Corporation (QTC) nicely summarises recent data showing an improving economic outlook across Australia: Last week’s dataflow was generally better than expected and consistent with the recent more … Continue reading →

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Qld’s economic future bright if we look beyond short-term

Posted on October 8, 2013 by Gene Tunny

I agree with Deloitte’s analysis that Queensland’s medium to long-term economic outlook is strong, as reported at the Brisbane Times website this morning (Queensland’s economic future rests on five ‘super wave’ industries): The combined economic power of five “super wave” … Continue reading →

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Resources sector investment hasn’t and won’t fall off cliff

Posted on August 30, 2013 by Gene Tunny

Yesterday’s ABS capital expenditure data show just how significant resources sector investment has been to the Queensland economy over the last few years, and how the manufacturing sector has been affected by the high exchange rate (see chart below). While … Continue reading →

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Growth in cost of living highest for pensioners

Posted on July 31, 2013 by Gene Tunny

Pete Faulkner has a great post today (Cost of living pressures?) commenting on the new ABS Living Cost Indexes data, some of which I’ve charted above. Pete notes: Today’s release of the Living Cost Indexes by the ABS should hopefully end … Continue reading →

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Don’t read too much into one month’s unemployment figures – Qld data pretty volatile

Posted on July 11, 2013 by Gene Tunny

Today’s unemployment figures from the ABS confirm a lacklustre economic outlook for Queensland over 2013-14 as the resources sector slows down, but I think it’s too early to conclude we’re heading for anything worse than expected. That is, based on … Continue reading →

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Greater uncertainty over 2013-14 economic outlook

Posted on July 10, 2013 by Gene Tunny

The last 24 hours have seen the release of a sobering NAB report on its monthly business survey (Business conditions collapse in June, retail worst hit, says NAB) and the latest IMF World Economic Outlook, which has slightly downgraded China’s … Continue reading →

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Queenslanders spending, but not building

Posted on July 5, 2013 by Gene Tunny

It was a week of mixed economic news for Queensland, with the latest ABS data showing retail spending is growing reasonably well in Queensland, while building approvals continue at low levels. Queensland is out-performing the rest of Australia on retail … Continue reading →

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State against State – Qld caught up to NSW in per capita output over 2000s

Posted on June 26, 2013 by Gene Tunny

NSW was traditionally a more productive State than Queensland per head of population, as expressed in economic measures such as gross state product (GSP) per capita produced by the ABS. But Queensland’s economy caught up in per capita terms over … Continue reading →

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Public service cuts had only temporary impact on unemployment rate

Posted on June 13, 2013 by Gene Tunny

It’s now clear that Queensland public service cuts have had only a temporary impact on the unemployment rate, as I expected and have previously posted on (see Temporary surge in unemployment due to public service cuts and spending restraint). While the unemployment … Continue reading →

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International tourism continues to recover, particularly in TNQ, thanks largely to Chinese visitors

Posted on June 5, 2013 by Gene Tunny

Tourism and Events Queensland (TEQ) has released its latest International Tourism Snapshot, and it shows a solid recovery in international tourism in Queensland and nationally, particularly in Tropical North Queensland (TNQ), which includes Cairns and Cape York (see my chart … Continue reading →

Posted in Cairns, Macroeconomy, North Queensland, Tourism | Tagged , , , , , , , | 2 Comments