Tag Archives: rba

Qld and WA were on similar growth paths, but Qld got knocked off by GFC

Posted on May 8, 2013 by Gene Tunny

This month’s RBA chart pack contains a nice, informative chart depicting State shares of Australia’s GDP (see below). It shows that, up until the financial crisis in 2008, Queensland, like WA, was increasing its share of national GDP, but stalled … Continue reading →

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Barcaldine set to boom with big increase in FIFO workers

Posted on May 7, 2013 by Gene Tunny

Queensland Treasury’s non-resident population projections for the Bowen and Galilee Basins show Barcaldine in Central Queensland is the next regional town that will boom due to an influx of fly-in, fly-out (FIFO) and drive-in, drive-out (DIDO) workers (see chart below … Continue reading →

Posted in Mining, Population | Tagged , , , , , , , , , , , , | 4 Comments

Retail sector adapting to new frugality – big box shopping & affordable luxuries

Posted on May 7, 2013 by Gene Tunny

Australia’s retail sector has had to adapt to the new frugality as a result of the financial crisis, and it appears that, among bricks-and-mortar retailers, only big box stores such as Bunnings have thrived. Yesterday saw the site launch of the … Continue reading →

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Major projects construction activity still strong, but appears to be peaking

Posted on April 3, 2013 by Gene Tunny

RBA Governor Glenn Stevens, who incidentally was re-appointed for another three years today, has recently observed that the mining construction boom would peak in the near future. The latest ABS data on engineering construction activity appear to confirm this view, … Continue reading →

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RBA says SEQ builders see signs of improvement in sector

Posted on March 14, 2013 by Gene Tunny

Christopher Kent of the RBA has given an informative speech on Recent Developments in the Housing Market, in which he noted there are signs of improvement in the SEQ building industry: Approvals in Queensland have been subdued, particularly on the … Continue reading →

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RBA confirms QRC analysis – resources sector spends mega bucks domestically

Posted on February 21, 2013 by Gene Tunny

The RBA has released an excellent though technically demanding research paper on Industry Dimensions of the Resources Boom, which has received coverage in today’s Australian (Mining spreads work to 500,000). The RBA analysis confirms the analysis conducted by Reuben Lawrence … Continue reading →

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National Accounts confirm below trend growth – really bad result for Qld

Posted on December 5, 2012 by Gene Tunny

The ABS National Accounts confirm what everyone has suspected – i.e. the national economy is growing below its trend rate, at 0.5% in the September quarter, which translates to an annualised growth rate of 2%, when we really want something … Continue reading →

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Bunnings & Masters doing well, but clothing retailers struggling

Posted on December 4, 2012 by Gene Tunny

Yesterday’s retail turnover data from the ABS were unimpressive and have added to the case for a rate cut by the RBA Board today, which is almost a certainty. Our sluggish retail turnover reflects both Australia’s high savings rate in … Continue reading →

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , , | 2 Comments

Melbourne Cup day rate cut undesirable and unlikely

Posted on November 4, 2012 by Gene Tunny

Jessica Irvine makes an impassioned case for a Melbourne Cup day rate cut from the RBA (Giddy up Reserve Bank and give us an interest rate cut), but I don’t think the RBA Board will provide one. Data in recent … Continue reading →

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Building industry recovery looking more likely – more evidence last RBA rate cut unnecessary

Posted on October 31, 2012 by Gene Tunny

Today’s new ABS building approvals data have generated much excitement at the prospect of a building industry recovery, although Queensland’s increase in September was much lower than NSW’s. The Housing Industry Association notes in a media release today that: “Today’s … Continue reading →

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