Category: South Australian economy
University of Adelaide economists say that they expect the South Australian economy to continue growing in 2018/19.
However, growth expectations have been revised down during the course of 2018, as a consequence of slower growth internationally and nationally, and because of slow household income growth in South Australia.
The University’s South Australian Centre for Economic Studies (SACES) […]
Whyalla’s ‘death notice’ has been written a number of times over the past 40 years, beginning with the closure of the shipyards in 1978, continuing with predictions of doom in the lead-up to the carbon tax, and most recently, as what was once the BHP steelworks clung to life, suffocating in debt and despair under […]
When Australia’s first immigration minister, Arthur Calwell, declared Australia needed to “populate or perish” he was making a statement about the country’s vulnerability to invasion in the immediate aftermath of the Second World War.
While the context has changed, the recently published ABS population projections to 2066 underscores an ongoing vulnerability. However, this time, to take […]
Spending growth slows
Quarterly National Accounts data released by the ABS this week indicate that spending growth in South Australia has slowed through the course of the year. Quarterly growth in state final demand (SFD) in real trend terms slowed from 0.8 per cent in the March quarter to 0.4 per cent in the September quarter. […]
Today the ABS released its annual State Accounts publication for financial year 2017/18. This publication provides the most detailed report available on the South Australian economy in aggregate; the ABS quarterly publications are less detailed.
South Australia’s gross state product (GSP) grew by 2.0 per cent in 2017/18, compared with 2.8 per cent growth in […]
Total employment in South Australia showed a flat trend in October 2018, as it has over the last 6 months, according to ABS Labour Force Survey data released today. Full-time employment shows similar patterns.
But although employment growth has slowed recently, total employment in October was still 1.5 per cent higher than a year earlier, and […]
Unemployment rate stabilises, more full time jobs created despite downturn in employment growth
The September 2018 Labour Force Survey results – released by the ABS today – indicate that through mid 2018 the SA labour market has been in its best condition since 2012. However, improvements in the labour market appear to have now stalled.
In September […]
In this edition of the Data Wrap we consider the latest regional population estimates which emphasise that not only do South Australian regions face demographic challenges in terms of falling or slow growing populations, but also population ageing. We also review the latest results in respect of retail sales, building approvals and job vacancies.
Our ageing […]
In today’s Data Wrap we review the latest Labour Force Survey and National Accounts results which provide some of the best insight into recent macroeconomic trends for the state. We also consider the latest winter crop forecasts which have a significant bearing on the agricultural regions of the state.
Unemployment ticks up as employment growth stalls
Yesterday Treasurer Rob Lucas brought down the Marshall Government’s first Budget.
The Budget foreshadows a significant contraction in the SA public sector’s share of the economy, with the ratio of expenses to GDP projected to fall from a little over 18 per cent of gross state product (GSP) in 2017/18 to 16.4 per cent of GSP […]