Tag Archives: capex

Heavy construction decline has been greater in Qld than in WA

Posted on June 30, 2016 by Gene Tunny

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

Posted on December 31, 2015 by Gene Tunny

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

Posted on November 26, 2015 by Gene Tunny

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

Posted on October 22, 2015 by Gene Tunny

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

Posted on August 31, 2015 by Gene Tunny

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

Qld economy propped up by residential building as business investment slumps

Posted on July 16, 2015 by Gene Tunny

The Brisbane Times has a report this morning on the well-known slump in business investment in Queensland, due partly to the completion or near completion of the LNG projects at Gladstone and partly to relatively low business confidence (see Qld … Continue reading →

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Mining leads fall in private sector capital expenditure – Qld technical recession may extend into 2015

Posted on May 29, 2015 by Gene Tunny

The technical recession Queensland experienced in late 2014 may extend into early 2015 based on new ABS data showing the large drop in mining investment from its extraordinarily high levels has continued into the March quarter of 2015 (see chart … Continue reading →

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Qld experiences technical recession as investment falls from elevated levels – no need to panic yet, though

Posted on May 21, 2015 by Gene Tunny

Watching the ABC News tonight, I had to laugh when ABC State Political Reporter Chris O’Brien prefaced opinions given by Nick Behrens from CCIQ and me on whether Queensland is in recession with that classic journalistic device “Opinions differ…” Well … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , | 6 Comments

Qld economy hit by declines in both private and public sector capital spending

Posted on March 4, 2015 by Gene Tunny

It was unsurprising that the National Accounts data released by the ABS today showed the Australian economy continuing to grow at a sub-trend rate (2.5% through-the-year), and that Queensland was enduring a large shock from a decline in resources sector … Continue reading →

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Qld receiving huge economic shock from resources sector capital spending decline

Posted on February 25, 2015 by Gene Tunny

The scale of the negative economic shock Queensland is currently experiencing from the decline in resources sector investment is extraordinary, as revealed by new ABS data on construction work done released today (see chart above, noting “Engineering” covers the heavy … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , | 1 Comment