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TAG: South Australian economy
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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Labour Force May 2017
Latest labour force figures for May 2017 released by the Australian Bureau of Statistics show South Australia’s labour market continues to perform poorly. The state recorded a slight decline in trend employment of 330 persons in May, while the number of unemployed people rose by 682 persons (1.1 per cent). South Australia’s trend unemployment rate […]
National economy slows, while South Australia records solid final demand growth
As widely expected by markets, the national economy slowed in the first three months of the 2017. National Accounts data released today indicate that Australia’s Gross Domestic Product (GDP) rose by 0.3 per cent in real seasonally adjusted terms in the March quarter 207, following a 1.1 per cent rise in the December quarter.
GDP growth […]
Retail Sales April 2017
South Australian retail sales showed continued strength in April, following a solid result in the March quarter. According to the Australian Bureau of Statistics, the value of retail sales in seasonally adjusted terms rose by 1.1 per cent in April 2017. In comparison, national retail sales rose by 1.0 per cent. The latest monthly national […]
Building Approvals April 2017
South Australian building approvals – a forward indicator of building activity – have cooled over recent months, according to data released by the Australian Bureau of Statistics today. The trend estimate of the value of total building approved in South Australia fell by 3.6 per cent in April and has fallen for three months. In […]
South Australian construction activity improves in March quarter 2017
Activity levels in the South Australian construction sector showed some improvement in the first quarter of 2017. Australian Bureau of Statistics data released today indicates that the value of construction work done, measured in trend terms, rose by 2.2 per cent in the March quarter of 2017. However, construction activity remains below its level reached […]
Housing finance commitments – March 2017
Data on housing finance commitments released by the Australian Bureau of Statistics today show that the weak recovery in South Australian home lending activity observed during the initial months of 2017 may be at risk of stalling. Trend data, which generally provides the best measure of underlying behaviour, indicate that the number of owner occupied […]
Retail Sales March 2017
South Australian retail sales were quite healthy in the first quarter of 2017. Data released by the Australian Bureau of Statistics today indicate that the volume of South Australian retail turnover rose by 0.5 per cent in the March quarter 2017. In comparison, national retail turnover rose by 0.3 per cent.
The latest monthly data, which […]
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Building Approvals March 2017
South Australian residential building approvals have continued to stabilise after falling through the first half of 2016, data released by the Australian Bureau of Statistics yesterday show. The number of new dwellings approved across South Australia was unchanged for the month of March 2017, but down 20 per cent compared to a year earlier.
Taking a […]
Overseas Merchandise Exports March 2017
The modest improvement seen in merchandise exports in February has continued to strengthen in March, with the value of South Australia’s overseas goods exports up 18 per cent compared to March 2016. However, due to the significant falls in exports in the middle of last year, overseas goods exports in the 12 months to March […]
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