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How can we revitalise the State’s economy?
A new report has proposed a range of policy initiatives aimed at “reinventing the State economy” and boosting economic competitiveness in South Australia.
The recommendations have been made in the latest Economic Issues report by the independent South Australian Centre for Economic Studies (SACES) at the University of Adelaide. The Centre has a 36-year track record […]
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SA Data Wrap – employment growth slows
SA employment growth is slowing but healthy
South Australia’s trend unemployment rate remained steady at 5.8 per cent in November. However, the October unemployment rate was revised up from 5.6 to 5.8 per cent taking into account information in the latest ABS Labour Force Survey. Thus the marked improvement in South Australia’s unemployment rate that has […]
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Positive signs in SA economy offset by drop in farm output
University of Adelaide economists say the outlook for the South Australian economy in 2018 is for a modest improvement in growth outside of the farm sector as a result of stronger conditions in the national and international economies. But this will be offset to a significant extent by a fall in farm production.
There have been […]
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SA Data Wrap – SA economy grows strongest in 8 years, construction activity continues to rise
South Australian enjoys strongest growth in eight years, but dependent on agriculture
State level estimates of gross domestic product, which the ABS calls gross state product (GSP), are produced by the ABS on an annual basis as part of its State Accounts series. GSP represents the total market value of all final goods and services that […]
SA Data Wrap – a mixed labour force report, sluggish wages growth and higher inflation for local government
South Australia records mixed labour market performance in October
South Australia’s trend unemployment rate fell to 5.6 per cent in October, down from 5.8 per cent in September. However, the improvement was partly driven by a decline in the participation rate, which fell by 0.1 percentage points to 61.9 per cent. This fall in participation explains […]
South Australian Data Wrap – goods exports and building approvals at strong levels, but retail sales disappoint
South Australian merchandise exports remain at a strong level despite recent softening
The Australian Bureau of Statistics produces state level estimates of the value of overseas goods exports on a monthly basis. The latest estimates released last Thursday show that South Australia’s overseas goods exports have moderated over recent months, but remain well up compared […]
Changing the definition of Horizontal Fiscal Equalisation – by Robert Schwarz
The Commonwealth Treasurer and the Productivity Commission (PC) seem intent on providing a greater share of goods and services tax (GST) grants to Western Australia (WA).
But do you have to change the definition of horizontal fiscal equalization (HFE) to deliver a fiscal advantage to WA, being the outlier fiscally strongest State, at the expense of […]
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South Australian Data Wrap – Australia’s subdued GDP growth and electricity prices surge
Australian economy grows weakly
Australia’s real Gross Domestic Product (GDP) rose by 2.0 per cent in 2016/17, according to the annual national accounts released by the Australian Bureau of Statistics last Friday. This GDP result is the weakest since 2008/09 (1.9 per cent) when the Global Financial Crisis triggered a global recession.
Disappointing GDP growth was in […]
South Australian Data Wrap – unemployment declines while Census data reveals structural changes
Unemployment continues to decline
South Australia’s trend unemployment rate fell below 6 per cent in September for the first time since early 2013. ABS Labour Force Survey figures show that the trend unemployment rate fell to 5.8 per cent, down from 6.0 per cent in August. This decline was foreshadowed by a significant fall in the […]
South Australian Data Wrap – motor vehicle sales down as Holden era comes to a close
The most significant economic development in South Australia this week will of course be the cessation of local motor vehicle production when Holden ends manufacturing operations at its Elizabeth plant this Friday. About 950 employees will be directly affected by the closure, while additional jobs will be lost through the supply chain. Adjustment to the […]