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
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
As we wait for the release of the 2018-19 Queensland Budget this afternoon (or at least the parts of it that haven’t already been announced) we wanted to focus attention on the employee costs component. Much attention will be given over to the infrastructure promises which will be made, and …read more
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
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
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
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
The GDP data for the 3rd quarter of 2017 has come in slightly below market expectations at +0.6% q/q (after Q2 was revised slightly higher to +0.9% from +0.8%) for a 2.8% y/y and 2.2% annual growth. The weaker data was due to a poor showing from household consumption (the …read more
Today saw the release by the Queensland Treasury of their estimates for Gross State Product for the first quarter of 2017. The ABS produce state Final Demand data on a quarterly basis (although this ignores net exports) but Gross State Product numbers only annually at the end of each financial …read more