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

Queensland Gross State Product growth slows in Q4 as Net Exports detract from growth

The release by Queensland Treasury of the State Accounts for the fourth quarter of 2017 has finally appeared just a few days out from the State Budget next week.  While the ABS produce Gross State Product (GSP) data only on an annual basis for the June quarter, the QLD Treasury produce …read more

GDP stronger than expected. QLD being driven by Public sector.

The GDP data for the first quarter has shown a sharp pick-up from last quarter and was somewhat higher than market expectations. On a seasonally adjusted basis GDP rose 1.0% for the quarter, or 3.1% from the same time a year ago. This brings the cumulative increase for the year …read more

Lack lustre GDP growth continues; QLD benefits from revisions

Today’s release from the ABS of the 4th quarter 2017 GDP data confirms the lack lustre performance of the Australian economy. Growth in the quarter (seasonally adjusted) was in line with market expectations at +0.4%, although upward revisions to back quarters saw the year-on-year rate slightly beat expectations at +2.4% …read more

Queensland Gross State Product; growth eases as households slow down

The release by Queensland Treasury of the State Accounts for the third quarter of 2017 appear to have slipped largely under the radar.  While the ABS produce Gross State Product (GSP) data only on an annual basis for the June quarter, the QLD Treasury produce quarterly estimates. We have previously seen …read more

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