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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
We will see the latest national accounts for the fourth quarter of 2019 released by the ABS on Wednesday morning, but in the meantime the Queensland Treasury released their own State Accounts data late last week for the third quarter. While the ABS produce State Final Demand (the domestic side …read more
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
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
Today saw the release by Queensland Treasury of the State Accounts for the first 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 Gross State …read more
Tomorrow we will see the Queensland ALP Government release their 2019-20 Budget and ahead of that the Courier Mail today has published a ‘Budget Battle’ piece with competing statements from Treasurer Jackie Trad and former LNP Treasurer Tim Nicholls (why we aren’t hearing from the current LNP Shadow Treasurer Tim …read more
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
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
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
The release by Queensland Treasury of the State Accounts for the third quarter of 2018 appeared recently. While the ABS produce Gross State Product (GSP) data only on an annual basis at the June quarter, the QLD Treasury produce quarterly Trend estimates (albeit rather delayed). We have previously seen some …read more
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