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Category: South Australian economy
Cost of living prominent in SA election – Michael O’Neil
The South Australian election scheduled for 17 March 2018 has turned into a three-horse race: Labor, Liberal and SA Best, led by Nick Xenophon. It is also the first outing for Cory Bernardi’s Australian Conservatives at a state level. In prospect, it is entirely possible that neither of the major parties, even with the assistance […]
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SA Data Wrap – wage growth slows although employment growth remains solid, inflation faced by local government picks up
Wage growth slows in South Australia
Latest figures from the ABS indicate that the annual rate of wage growth in South Australia has continued to slow. Wages in South Australia as measured by the Wage Price Index (WPI) rose by 1.9 per cent through the year to the December quarter 2017. This annual result is the […]
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Revealing the true role of South Australian Services Exports
The South Australian services sector contributes more to exports than is revealed by trade statistics. As such, a policy environment that encourages competitiveness in the services sector will also improve our export competitiveness.
In 2016/17, South Australian services sector contributed nearly 60 per cent of the state’s Gross State Product (GSP) and more than three-quarters of […]
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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South Australian Data Wrap – 25 August
This week has been a quiet week for Australian Bureau of Statistics data releases in respect of the South Australian economy.
There was good news for the state economy with the announcement that OZ Minerals’ Board had approved the $916 million development of its Carrapateena copper gold mine. The mine is located 160km north of Port […]
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South Australian Data Wrap – 18 August
Labour market conditions continue to improve
Results from the Labour Force Survey (LFS) released by the ABS yesterday indicate that labour market conditions in South Australia continued to improve in July. The total number of persons employed measured in trend terms rose by 1,091 persons (0.1 per cent) in July, while the number of unemployed persons […]
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South Australian business conditions have improved considerably in 2017
The National Australia Bank’s latest Australian Markets Weekly notes that business conditions in Australia as measured by its monthly business survey have improved considerably over the past 6 to 8 months. This improvement has been driven primarily by the South Australian, Queensland and Western Australian economies. All three of these states were previously negatively impacted […]
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South Australian Data Wrap – 7 August
In this week’s Data Wrap we briefly review the key data releases from last week that have particular relevance from a South Australian economic perspective. These partial indicators of economic activity point to ongoing solid demand growth in South Australia, while results from the latest winegrape crush survey indicate that South Australian winegrowers had a […]
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Data Wrap – 21 July 2017
Labour Force
Yesterday, ABS released the latest labour force estimates for June 2017. South Australia’s trend jobless rate, while still the highest in the nation, has declined from 7.8 per cent in June 2015 (67,900 persons) to 7.0 per cent in June 2017 (61,300). The participation rate has been stable at 62.4 per cent over the […]
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Small projects could be the saviour for State economy
University of Adelaide economists are predicting minimal jobs growth in South Australia over the next two years, as the full impact of the Holden closure is felt and with few major projects on the immediate horizon.
In their first Economic Briefing Report for 2017, the University’s South Australian Centre for Economic Studies (SACES) predicts jobs to […]
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