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SA Data Wrap – Spending growth slows as national house prices fall
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. […]
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SA Data Wrap – final demand growth slows
Demand growth slows back to trend pace
Outside monthly employment data, quarterly estimates of state final demand (SFD) provides the best gauge of recent macroeconomic developments for the South Australian economy. SFD comprises all final consumption and investment expenditures made in the state, but excludes other forms of economic activity, most notably exports.
The latest SFD estimates […]
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 […]
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 […]
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 […]
South Australian Data Wrap – building approvals up, but retail sales down
Building Approvals Rise Strongly
South Australian building approvals rose strongly once again in August, which suggests that activity in the local construction sector should remain quite solid through the remainder of the year. The trend estimate of the total value of building jobs approved rose by 6.9 per cent in August to be up 35 per […]
South Australian Data Wrap – interstate emigration flows continue
Population growth remains slow as interstate emigration remains strong
The Australia Bureau of Statistics most recent estimates of resident population for the states and territories show that South Australia continues to endure relatively slow population growth. South Australia’s population grew by 0.6 per cent through the year to the March quarter 2017, down slightly from 0.7 […]
South Australia Data Wrap – labour market conditions continue to improve
Another positive labour market report for South Australia
The August results of the Labour Force Survey released by the Australian Bureau of Statistics (ABS) last week paint a brighter picture of labour market conditions for South Australia. Trend estimates indicate that total employment rose by 2,040 persons to approximately 827,000 persons in August, while unemployment […]