Tag Archives: nationalaccounts

Residential construction at peak in current cycle in Qld

The mini-boom in residential construction, of both inner Brisbane apartments and detached houses in outer-lying areas in SEQ, such as Ripley, Springfield and Yarrabilba, has been important to the economy over the last couple of years. This mini-boom now appears … Continue reading

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

Fantastic December quarter result for Qld economy

The December quarter National Accounts showed a strong rebound for the Australian economy, with economic growth at 1.1 percent for the quarter, while State Final Demand for Queensland grew at 0.9 percent over the quarter according to the ABS. (Note … Continue reading

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

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

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US recovery on track, while Australian economists wait anxiously for latest National Accounts

The latest US jobs data show an economy that is growing quite nicely, with 178,000 new jobs over the last month, and with unemployment falling to 4.6%, its lowest rate since the financial crisis (see chart below). However, the market … Continue reading

Posted in Agriculture, Macroeconomy, Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , , , , , , , , | 2 Comments

Qld economy supported by State & local Gov’t CAPEX in December quarter

The latest National Accounts released by the ABS were better than expected, with the national economy growing at 0.6% in December quarter 2015 and 3% through-the-year. Regarding Queensland, state final demand barely moved with a 0.1% increase, but that does … Continue reading

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

Fiscal restraint impacting Queensland economy

While containing reasonably good news for the national economy, today’s new National Accounts data from the ABS suggest the December quarter of last year was a lacklustre one for the Queensland economy, with the (albeit imperfect) measure of State Final … Continue reading

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

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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