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While the nation’s economy (GDP) grew by just 1.5% in the financial year 2023/24, today’s State Accounts release from the ABS shows that Queensland achieved a healthier result. Gross State Product increased by 2.1%. Over the past 4 years while GDP has risen 11.4%, Queensland’s GSP is up a rather …read more
The second quarter GDP data released this morning was broadly in line with expectations with a 0.9% q/q increase on the back of the previous quarter’s 0.7% increase (actually revised slightly down from +0.8%, but Q4 2021 was revised up) which leaves us 3.6% up from the same period a …read more
The fourth quarter GDP data released this morning was broadly in line with expectations with a 3.4% q/q increase on the back of the previous quarter’s 1.9% decline (actually revised slightly better) which leaves us 4.2% up from the same period a year ago. Over the course of 2021 GDP …read more
The second quarter GDP data released this morning was better than many had been expecting with a 0.7% q/q lift which (after some small upward revisions to previous quarters) takes us to a heady 9.6% up from the same period a year ago. Over the past 4 quarters GDP is …read more
The first quarter GDP data released this morning was better than many had been expecting with a 1.8% q/q lift which (after some small upward revisions to previous quarters) takes us to 1.1% up from the same period a year ago. Over the past 4 quarters GDP remains down 2.4%. …read more
While the ABS produce Gross State Product data only on an annual FY basis (which had QLD GSP at -1.1% for 2019/20) we must rely on the quarterly estimates from QLD Treasury for the intermediate periods. This week finally saw QLD Treasury release their estimate for the Sept Quarter 2020. …read more
Expectations had been for a 2.5% q/q lift in Q4 GDP. The actual result (+3.1% q/q) gave a fall of just 1.1% y/y (up from -3.7% in Q3) on the back of solid household consumption (albeit matched to a falling household saving rate). Queensland State Final Demand was up 2.0% …read more
While the ABS produce Gross State Product data only on an annual basis (for the 2019/20 year they estimate Gross State Product in QLD fell 1.1%) we must rely on the quarterly estimates from QLD Treasury for the intermediate periods. With the QLD Budget having been delayed until last week …read more
The third quarter GDP data released this morning was better than many had been expecting with a 3.3% q/q lift which leaves us 3.8% down for the year. This brings to an end the official recession after Q1 and Q2 were both negative, although this is largely meaningless given the …read more
The second quarter GDP release earlier this week (see here for details) allows us to update our Conus model for Australia, Queensland and the various LGAs in our region. Australia’s second quarter GDP fell by 7.0% q/q for a 6.3% y/y decline. Although we got data for the Queensland Q2 …read more
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