Tag Archives: nationalaccounts

Fantastic December quarter result for Qld economy

Posted on March 1, 2017 by Gene Tunny

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

Posted on December 11, 2016 by Gene Tunny

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

Posted on December 4, 2016 by Gene Tunny

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

Posted on March 2, 2016 by Gene Tunny

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

Posted on March 5, 2014 by Gene Tunny

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

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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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

Qld Treasury GRP figures show Far North really struggled post-financial crisis

Posted on March 6, 2013 by Gene Tunny

Queensland Treasury released its latest gross regional product (GRP) estimates yesterday, and they confirm that Far North Queensland really struggled in the post-financial crisis period, with the Far North’s GRP (in real terms) actually marginally contracting between 2006-07 and 2010-11 (see … Continue reading →

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Federal fiscal restraint also contributed to Qld’s September qtr slowdown

Posted on December 7, 2012 by Gene Tunny

I’m grateful again to OESR for its repackaging and analysis of ABS data, as its National Accounts State Details brief released yesterday contains a handy table unpacking the September quarter fall in State Final Demand of 1.6%. I’ve reproduced the … Continue reading →

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Unemployment rate may have peaked

Posted on December 6, 2012 by Gene Tunny

There is great news in the ABS Labour force data for November that were released today. Unemployment may have peaked and hopefully we won’t see a repeat of the awful September quarter National Accounts result for Queensland that we saw … Continue reading →

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