Tag Archives: resourcessector

Queensland construction industry outlook

The construction industry is very important to the Queensland economy, and it employs nearly 10 percent of all workers (see Queensland Treasury’s Employment by Industry brief). One part of the broader industry, residential construction, has grown strongly in recent years, … Continue reading

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Upcoming panel discussion – End of the mining boom: What’s next?

It’s clear the mining downturn is having significant adverse effects, such as large increases in unemployment in regions that are more dependent on mining, such as the Mackay and Fitzroy regions (see chart above, and also see the Courier-Mail report … Continue reading

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

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

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

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

Qld Treasurer rightly rejects pessimism about mining industry

I’m pleased to see Queensland Treasurer Tim Nicholls has rejected the doom and gloom around the state of the mining industry in Queensland, as reported in the Brisbane Times this morning (Qld mining industry still strong), pointing to strong growth … Continue reading

Posted in Mining | Tagged , , , , , , , , | 3 Comments

Mining employment in Qld continues to grow, but at slower rate

Employment in the Queensland mining sector still appears to be growing, although at a slower rate, according to the detailed quarterly data released today (see chart below). This suggests the concerns raised earlier in the year by some commentators over … Continue reading

Posted in Labour market, Mining | Tagged , , , , , , , | 5 Comments

Resources sector investment hasn’t and won’t fall off cliff

Yesterday’s ABS capital expenditure data show just how significant resources sector investment has been to the Queensland economy over the last few years, and how the manufacturing sector has been affected by the high exchange rate (see chart below). While … Continue reading

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Good news on Qld coal exports and tourism

The Queensland Transport Minister Scott Emerson released some encouraging figures on coal exports yesterday, which I’ve charted below (Ports back to pre-GFC coal volumes): In part, the strong growth rates in the chart above reflect the coal industry recovering from … Continue reading

Posted in Mining, Tourism | Tagged , , , , , , | 2 Comments

Don’t read too much into one month’s unemployment figures – Qld data pretty volatile

Today’s unemployment figures from the ABS confirm a lacklustre economic outlook for Queensland over 2013-14 as the resources sector slows down, but I think it’s too early to conclude we’re heading for anything worse than expected. That is, based on … 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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