Tag Archives: capex

Townsville Bulletin report on funding feud: Brisbane economist “under fire”

Tony Moore’s recent Brisbane Times article featuring my chart on per capita State Government capital spending by region has prompted responses from the Townsville Mayor Jenny Hill and Queensland Treasurer Curtis Pitt. As reported in Domanii Cameron’s article Feud over … Continue reading

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

My comments in Brisbane Times on Qld Government regional CAPEX

Brisbane Times journalist Tony Moore has written an interesting piece based on a QEW post of mine from June on the regional distribution of Queensland Government capital spending in the 2017-18 Queensland State Budget: Analysis shows booming south-east is losing … Continue reading

Posted in Budget, Uncategorized | Tagged , , , | 4 Comments

Huge regional disparities in Qld Government capital spending per capita

The Queensland Government’s $10.2 billion capital program in 2017-18 is heavily skewed to regional areas outside SEQ and towards inner city Brisbane, but away from other areas in SEQ (see the chart below which I’ve created based on data in … Continue reading

Posted in Budget, Uncategorized | Tagged , , , , , , , , , | 4 Comments

Strong growth in plant & equipment capex is good news for Qld economy

Last Friday, in his opening statement to the House of Representatives Standing Committee on Economics, RBA Governor Phil Lowe observed: “Nationally, measures of business conditions have picked up noticeably recently. For some time we have been waiting for a lift … Continue reading

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

Government right to rule out fiscal stimulus

The ½ percent GDP contraction in September quarter that the ABS published last week has raised a lot of questions about the current state of the economy, and whether the Government should do more in terms of economic reform or … Continue reading

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

Heavy construction decline has been greater in Qld than in WA

As I have discussed previously, relatively weak economic conditions in several Queensland regions, including Townsville and the outback, have been partly due to the mining downturn (see my post from last Saturday). At the same time as capital expenditure on … Continue reading

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , , , , , , , , | 3 Comments

How the Qld economy performed over 2015

In 2015, the Queensland economy proved itself resilient to the end of the mining boom, and recovered from the apparent downturn, a so-called technical recession, at the end of 2014. Even though the economy is proving resilient, growth is at … Continue reading

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

Building construction rebounded in September quarter, but still below previous highs

All the cranes on the Brisbane skyline, from the Valley and Newstead, to West End, Milton and Toowong, might suggest there is a building boom underway. Certainly activity is increasing in the building industry. Building construction work done in Queensland … Continue reading

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

Qld regions have been struggling and not just the mining ones

Townsville Mayor Jenny Hill’s alleged lack of success in bringing new infrastructure projects to the city may become a major issue in the mayoral election in March next year, based on a report in today’s Townsville Bulletin. The Mayor may … Continue reading

Posted in Labour market, Macroeconomy | Tagged , , , , , , , , , , | 2 Comments

A longer-term perspective on the CAPEX plunge

In a comment on my post from last Friday, regular Queensland Economy Watch reader Jim pointed out that the plunge in capital expenditure (CAPEX) is simply returning Queensland to more normal rates of investment, as was completely expected. Jim suggested … Continue reading

Posted in Macroeconomy, Mining | Tagged , , , , , , | 3 Comments