Tag Archives: mining

Good news for the economy as Qld businesses increase investment in machinery & equipment

Posted on September 8, 2016 by Gene Tunny

Despite having some weak regional economies, particularly in the Townsville and Queensland outback regions, the State economy overall recorded reasonably healthy growth in State Final Demand in the June quarter of 0.7 percent in seasonally adjusted terms. This is very … Continue reading →

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , , | 4 Comments

ANU’s Ben Phillips quantifies the real per capita earnings declines in Qld and WA post-mining boom

Posted on July 12, 2016 by Gene Tunny

ANU Associate Professor Ben Phillips, who was in the same UQ Economics Honours class as me, has released an excellent note Trends in Household Living Standards in Australia: 1990 to 2016, which shows significant declines in real per capita earnings … Continue reading →

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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

Tuesday’s Jobs Growth Summit a great opportunity to push for better economic policies

Posted on April 24, 2016 by Gene Tunny

On Tuesday, I will be attending the Queensland Jobs Growth Summit at Parliament House, which is being hosted by UQ’s School of Economics (my occasional employer) and the Australia Institute. My business Adept Economics is one of several Summit sponsors. … Continue reading →

Posted in IR, Labour market, Macroeconomy, Queensland Government, Uncategorized | Tagged , , , , , , , , , , , , , , | 2 Comments

Comment in Courier-Mail on volatile Qld jobs data

Posted on March 18, 2016 by Gene Tunny

With the huge volatility in State unemployment rate estimates, demonstrated by the ABS seasonally adjusted estimate of Queensland’s unemployment rate falling from 6.4% in January to 5.6% in February, and the SA rate increasing from 6.8% to 7.7%, the ABS … Continue reading →

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 3 Comments

QRC right about problem with royalties – does it now support a resource rent tax?

Posted on February 9, 2016 by Gene Tunny

The new State of the Sector report from the Queensland Resources Council confirms the struggling position of the mining sector, and it must have the Queensland Treasury considering further royalties revenue write downs. It also makes me wonder whether the … Continue reading →

Posted in Mining, Uncategorized | Tagged , , , , , | 6 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

Economics and environmental law seminar timely given debate over CSG & Galilee

Posted on November 10, 2015 by Gene Tunny

One of the new words we have heard in recent years is “lawfare”, the use of the law as a weapon of war. In Australia, it has been alleged that environmental groups such as the Australian Conservation Foundation and the … Continue reading →

Posted in Agriculture, Environment, Mining | Tagged , , , , , , , , , , | Leave a comment

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

Health, aged care & tourism will generate jobs in Qld at the end of the mining boom

Posted on August 28, 2015 by Gene Tunny

At the end of the mining boom, as capital expenditure plummets (chart above) from an elevated level, and ten thousand new jobs expected in the Galilee basin now appear unlikely, it is probably not surprising that some commentators are getting … Continue reading →

Posted in Labour market, Macroeconomy, Mining | Tagged , , , , , , , , , | 6 Comments