Tag Archives: sfd

Gov’t and renewables making disproportionate contributions to demand growth in Qld

Posted on December 2, 2021 by Gene Tunny

The September quarter National Accounts published by the ABS yesterday revealed that the general government sector made a disproportionate contribution to Queensland state final demand growth that quarter, suggesting a strong pick up in the hiring of public servants, contractors, … Continue reading →

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Qld economy’s growth rate reduced by business CAPEX fall

Posted on June 3, 2021 by Gene Tunny

Queensland had the second lowest rate of State Final Demand (SFD) growth in the first quarter of 2021, according to the March quarter National Accounts published by the ABS yesterday. Queensland’s SFD grew at 0.4% compared with a national average … Continue reading →

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Qld economy was goosed up by gov’t spending in final quarter of 2018

Posted on March 7, 2019 by Gene Tunny

Australia’s weak 0.2% GDP growth in December quarter has prompted talk of a “per capita recession”, as our economy has now been growing at a slower rate than the population for two consecutive quarters (see this SMH report). The national … Continue reading →

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Qld economy continues to disappoint

Posted on December 6, 2018 by Gene Tunny

Queensland’s economic under-performance, which I’ve been commenting on regularly (e.g. see Deloitte’s weird definition of “strong employment growth”), is a major part of the reason why Australia’s GDP growth for September quarter came in lower than expected yesterday. The ABS … Continue reading →

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

Has there been a “huge slump” in the Qld economy?

Posted on September 6, 2018 by Gene Tunny

The Courier-Mail today is reporting a “huge slump” in the Queensland economy after yesterday’s ABS National Accounts figures revealed state final demand grew only 0.1 percent in the June quarter, the second lowest rate among states and territories. The paper … Continue reading →

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Qld economy surviving, but not thriving

Posted on June 10, 2017 by Gene Tunny

In his latest column, Stormy times for an economy in the doldrums, Ross Gittins refers to Queensland’s “below-par” growth in State Final Demand, one of the statistics released by the ABS last Wednesday as part of the March quarter National … Continue reading →

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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

Qld consumers resilient at the end of the mining boom

Posted on September 3, 2015 by Gene Tunny

At the end of the mining boom, as resources sector investment has plummeted, Queensland consumers are nonetheless resilient, and their growing consumption spending has partly offset the adverse impact of the fall in investment on aggregate demand (see chart above … Continue reading →

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Qld economy enduring shock from end of mining boom as well as could be expected

Posted on June 4, 2015 by Gene Tunny

The March quarter National Accounts data released yesterday surprised on the upside with quarterly growth at 0.9 per cent, but as some commentators have noted there remains a downside risk over the next 12-24 months from much lower capital expenditure … Continue reading →

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

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

Posted on March 4, 2015 by Gene Tunny

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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