Q4 GDP surprises on the upside. QLD still relying on the public sector

The fourth quarter GDP data released this morning was stronger than expectations, which along with upward revisions to past quarters saw the year-on-year number significantly better than had been hoped for. Seasonally adjusted GDP rose 0.5% q/q for a year-on-year increase of 2.2% (up from 1.8% in the previous quarter).   …read more

GDP remains weak but upward revisions provide some hope

The second quarter GDP data released this morning was slightly weaker than expectations, although upward revisions to past quarters saw the year-on-year number actually somewhat better than had been hoped for.  Seasonally adjusted GDP rose 0.4% q/q for a year-on-year increase of 1.7% (up from 1.6% in the previous quarter). …read more

QLD economy slowed sharply in 2018/19

Earlier this week saw the release by Queensland Treasury of the State Accounts for the second quarter of 2019. As we noted last quarter, this data gets precious little coverage and yet is, in our opinion, a very useful indicator of how the State economy has been performing. While the ABS produce …read more

GDP slows as expected; +1.4% y/y

The second quarter GDP data released today shows q/q growth of 0.5% (seasonally adjusted) or 1.4% for the year (down from a revised 1.7% the previous quarter. This result is broadly in-line with market expectations and comes on the back of continued weak household consumption (which sees household savings fall …read more

QLD Q4 Gross State Product shows growth slowing sharply…yet no one seemed to notice

While we were away the release by Queensland Treasury of the State Accounts for the fourth quarter of 2018 appeared, with apparently little fanfare or coverage (we can find no mention from any news source or from Queensland Treasury). While the ABS produce Gross State Product (GSP) data only on an annual …read more

What is a “per capita recession”? Are we in one? And does it matter?

Last week we saw a weak set of National Accounts for the final quarter of 2018 which showed growth of just 0.2% q/q, 2.3% y/y and 2.8% 12 month average (commentary here). As this data was released we also started seeing a lot of talk (primarily on Twitter initially before …read more

GDP disappoints (again) and QLD slows

The fourth quarter GDP data released this morning came in lower than expectations as household consumption growth remained weak. The market had been looking for real GDP to lift about 0.4% for the quarter to give a 2.7% y/y figure. The result was just a 0.2% q/q lift which saw …read more

GDP disappoints

The third quarter GDP data released this morning came in lower than expectations as household consumption growth tailed off. The market had been looking for real GDP to lift 0.6% for the quarter to give a 3.0% y/y figure. The result was just a 0.3% q/q lift which, with some …read more

Pete talking about the results for QLD from yesterday’s GDP release

Following on from yesterday’s GDP release (see here for our post) and an article in today’s Courier Mail, Pete spoke to John MacKenzie on radio 4CA this morning. You can listen to the interview below.

GDP lifts and revisions push it higher still. In QLD public sector acts as a drag

The second quarter GDP data released this morning came in somewhat higher than expectations (although the better than expected numbers came about largely from “statistical discrepancy’ adding 0.2 ppts). The market had been looking for real GDP to lift 0.7-0.8% for the quarter to give a 2.7% y/y figure. The …read more

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