Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
1307.4 - South Australian Economic Indicators, Feb 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/02/2004   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

ABOUT THIS PUBLICATION

This publication provides an up-to-date overview of the South Australian economy and contrasts the State's performance with that of the Australian economy. It provides details of movements in a range of economic indicators.


OVERVIEW

The data in this Overview are presented in trend terms, unless otherwise stated.


INTERNATIONAL TRADE

The value of South Australian merchandise exports (in original terms) for the month of November 2003 was $527.6m. This was a decrease of 18.1% over October 2003 and was 35.5% less than the value of exports in November 2002 ($818.6m).

The value of South Australian merchandise imports (in original terms) for November 2003 was $408.1m. This was a decrease of 8.0% from $443.8m recorded in October 2003 and 22.0% less than the November 2002 figure of $523.0m.


Graph- Merchandise Exports and Imports


- See International Merchandise Imports, Australia (Timeseries, Cat. 5439.0), International Trade in Goods and Services, Australia (Cat. 5368.0)


CONSUMPTION AND INVESTMENT

In the twelve months to November 2003, retail turnover increased by 3.8% to $1,124.6m. This was also an increase of 0.6% from the October 2003 figure of $1,118.2m.

Graph- Retail Turnover

- See Retail Trade, Australia (Cat. 8501.0)

December 2003 saw a total of 5,234 new motor vehicle sales- a decrease of 0.7% on the previous month's figure of 5,270 vehicles, and 12.6% higher than the 4,650 vehicles recorded in December 2002.

Graph- New Motor Vehicle Sales

- See Sales of New Motor Vehicles, Australia (Cat. 9314.0.55.001)

Private new capital expenditure in the September quarter was $1,102m, an increase of 23.8% on the September quarter 2002, and an increase of 3.7% over the June quarter 2003.

- See Private New Capital Expenditure, Australia (Cat. 5625.0)


HOUSING

In November 2003 the estimated number of dwelling units approved in South Australia was 963, 22 units more than for the same period last year.

Graph- Dwelling Units Approved

- See Building Approvals, Australia (Cat. 8731.0)


CONSUMER PRICE INDEX

The all groups consumer price index in Adelaide for the September quarter 2003 was 145.4, an increase of 3.6% on the level recorded for the September 2002 quarter and up 0.8% on the June quarter 2003.

Graph- Consumer Price Index

- See Consumer Price Index, Australia (Cat. 6401.0)


LABOUR FORCE AND DEMOGRAPHY

The estimate of employed persons in South Australia was 713,000 in December 2003, lower than the peak in June 2003 (718,000) but higher than the level of twelve months ago (703,200). The total number of persons employed full-time in South Australia was 490,900 in December 2003, similar to the December 2002 estimate of 490,700.

The estimate of the unemployment rate for South Australia was 6.4% in December 2003 and was higher than the December 2002 estimate of 6.0%. The estimate of the participation rate in South Australia was 61.6% in December 2003 compared with 61.1% in December 2002.


Graph- Employed Persons
Graph- Unemployment Rate, trend

- See Labour Force, Australia (Cat. 6202.0)


FINANCIAL MARKETS

The value of secured housing finance commitments (excluding alterations and additions) was $691.7m in November 2003. This was an increase of 0.4% over the previous month and 37.9% over the value of commitments in November 2002 ($501.5m).


Graph- Secured Housing Finance Commitments

- See Housing Finance for Owner Occupation, Australia (Cat. 5609.0)


STATISTICAL SUMMARY Part 1
South Australia
Australia
% change from
% change from
Indicator
Period
Number
Previous
period
Same period
previous year
Number
Previous
period
Same period
previous year
SA as a % of Australia
Source
index
State accounts
Domestic final demand
Chain volume measures trend ($m)
Sep qtr 03
13,990
1.4
6.1
194,538
0.9
4.5
7.2
1
Private final consumption expenditure
Current prices trend ($m)
Sep qtr 03
8,602
0.8
5.5
117,070
1.4
5.6
7.3
Chain volume measures trend ($m)
Sep qtr 03
8,271
0.5
3.2
114,120
1.3
4.2
7.2
1
Private gross fixed capital formation
Current prices trend ($m)
Sep qtr 03
2,908
4.2
21.1
40,959
1.7
9.6
7.1
Chain volume measures trend ($m)
Sep qtr 03
2,891
4.2
21.2
40,155
1.2
7.9
7.2
1
Compensation of employees
Current prices trend ($m)
Sep qtr 03
5,955
0.9
5.9
9,313.0
1.4
6.3
6.4
International accounts
Exports ($m)
Nov 03
527.6
-18.1
-35.5
8,715.1
-3.6
-12.8
6.1
2
Imports ($m)
Nov 03
408.1
-8.0
-22.0
10,210.2
-13.8
-12.3
4.0
2
Consumption and investment
Retail turnover
Current prices original ($m)
Nov 03
1,186.7
1.5
3.0
16,258.6
1.5
7.0
7.3
3
Current prices trend ($m)
Nov 03
1,124.6
0.6
3.8
15,731.3
1.0
8.9
7.1
3
Chain volume measures original ($m)
Sep qtr 03
3,116.2
-0.8
0.6
43,503.2
3.7
5.4
7.2
3
New motor vehicle sales
Original ($m)
Dec 03
5,404
3.6
19.3
77,786
2.2
14.4
6.9
4
Trend ($m)
Dec 03
5,234
-0.7
12.6
76,058
-1.4
6.7
6.9
4
Private new capital expenditure
Current prices original ($m)
Sep qtr 03
956
-16.4
16.4
12,695
-5.4
9.1
7.5
5
Current prices trend ($m)
Sep qtr 03
1,102
3.7
23.8
12,961
0.7
7.7
8.5
5
Private new capital expenditure ($m)
2002-03
4,020
29.1
..
51,093
15.1
..
7.9
5
Tourist accommodation takings ($m)
June qtr 03
56.8
-4.1
7.2
1,159.5
-6.8
5.4
4.9
6
Production
Dwelling unit approvals
Original (no.)
Nov 03
832
-33.5
-10.8
14,314
-18.5
0.9
5.8
7
Trend (no.)
Nov 03
963
-0.1
2.3
15,618
0.3
5.2
6.2
7
Dwelling units commenced (no.)
Sep qtr 03
2,581
4.7
-4.8
44,195
13.7
-7.9
5.8
8
Value of non-residential building approvals- trend ($m)
Nov 03
131.3
4.7
43.2
1,275.6
-6.9
-11.1
10.3
7
Value of total building activity
Commenced ($m)
Sep qtr 03
702.2
6.5
6.7
13,003.2
10.4
3.9
5.4
8
Work done ($m)
Sep qtr 03
676.2
5.1
11.3
13,027.4
10.2
9.8
5.2
8
Work yet to be done ($m)
Sep qtr 03
1,096.3
5.4
28.8
21,511.0
2.9
20.4
5.1
8
Value of engineering construction work done ($m)
Sep qtr 03
458.9
-9.2
49.8
6,310.4
-9.2
41.5
7.3
9
Manufacturing production
Red meat trend (tonnes)
Sep qtr 03
54,332
-5.4
-13.3
712,179
-3.3
-10.7
7.6
11
Mineral exploration expenditure (other than for petroleum) ($m)
Sep qtr 03
9.3
-15.5
-4.1
179.7
-11.8
-1.7
5.2
12


STATISTICAL SUMMARY Part 2
South Australia
Australia
% change from
% change from
Indicator
Period
Number
Previous
period
Same period
previous year
Number
Previous
period
Same period
previous year
SA as a % of Australia
Source index
Prices (a)
CPI- All groups (index no.)
Sep qtr 03
145.4
0.8
3.6
142.1
0.6
2.6
..
13
Price index of materials used in house building (index no.)
Sep qtr 03
137.4
0.4
2.2
132.9
0.6
3.2
..
14
Price index of materials used in building other than houses (index no.)
Sep qtr 03
125.6
0.4
3.1
126.3
0.5
3.9
..
14
Price index of established houses (index no.)
Sep qtr 03
207.2
4.1
22.8
231.3
3.4
17.6
..
15
Price index of project homes (index no.)
Sep qtr 03
160.7
1.8
4.6
151.2
2.2
7.0
..
15
Labour force and demography
Population (resident at end qtr) ('000)
Jun qtr 03
1,527.4
0.1
0.6
19,881.5
0.3
1.2
7.7
16
Natural increase of the population ('000)
Jun qtr 03
1.4
-17.4
-0.1
31.8
13.1
12.0
4.4
16
Labour Force
Original ('000)
Dec 03
775.3
2.3
3.0
10,364.9
2.0
1.5
7.5
17
Trend ('000)
Dec 03
761.8
0.0
1.8
10,223.3
0.2
1.3
7.5
17
Employed persons
Original ('000)
Dec 03
725.1
2.0
2.0
9,782.1
1.6
2.0
7.4
17
Trend ('000)
Dec 03
713.0
-0.1
1.4
9,653.0
0.3
1.8
7.4
17
Participation rate
Original (b) (%)
Dec 03
62.6
1.3
1.2
64.6
1.2
-0.3
..
17
Trend (b) (%)
Dec 03
61.6
0.0
0.5
63.8
0.1
-0.3
..
17
Unemployment rate
Original (b) (%)
Dec 03
6.5
0.3
0.9
5.6
0.3
-0.5
..
17
Trend (b) (%)
Dec 03
6.4
0.1
0.4
5.6
0.0
-0.5
..
17
Job vacancies ('000)
Nov 03
4.0
-37.4
-22.6
105.7
-2.9
10.0
3.8
18
Industrial disputes ('000 working days lost)
Sep 03
0.1
0.0
-50.0
96.7
270.5
562.3
0.1
19
Income
Average weekly earnings (full-time; ordinary time)
Original ($)
Aug qtr 03
863.9
0.5
7.3
929.6
0.9
5.7
..
20
Trend ($)
Aug qtr 03
871.9
1.5
8.0
931.4
1.5
6.1
..
20
Wage cost index (total hourly rate excluding bonuses)
(c) index no.)
Sep qtr 03
121.6
1.6
4.0
121.6
1.2
3.6
..
21
Financial markets
Secured housing finance (d)
Original ($m)
Nov 03
666.8
-8.5
26.0
10,884.1
-8.6
25.5
6.1
22
Trend ($m)
Nov 03
691.7
0.4
37.9
11,528.2
0.8
35.7
6.0
22
Finance commitments
Personal ($m)
Nov 03
446.1
0.3
14.6
6 828.0
-3.0
18.8
6.5
23
Commercial ($m)
Nov 03
909.4
-10.5
5.7
23,429.6
-19.3
16.8
3.9
23
Lease ($m)
Nov 03
17.5
-24.6
36.4
567.3
-9.6
20.7
3.1
23
Interest rates (b)
Banks new housing loans (%)
Dec 03
..
..
..
7.1
0.3
0.5
..
24
Bank loans- small, medium businesses (e) (%)
Dec 03
..
..
..
8.9
0.3
0.5
24
Bank loans- large business (%)
Dec 03
..
..
..
8.9
0.3
0.5
..
24

(a) Base year of each index 1989-90 = 100.
(b) Change is shown in terms of percentage points.
(c) Base year of index Sep 1997 = 100.
(d) Excludes alterations and additions. Includes refinancing.
(e) Rate for business loans over $50,000.

STATE SUMMARY

Source
Indicator
Period
NSW
Vic.
Qld
SA
WA
Tas.
NT
ACT
index

SELECTED INDICATORS
CPI- All groups(a) (index no.)
Sep qtr 03
142.4
141.8
143.3
145.4
138.6
141.1
137.8
141.9
13
Participation rate trend (%)
Dec 03
62.9
63.4
65.1
61.6
66.2
58.9
70.7
72.0
17
Unemployment rate trend (%)
Dec 03
5.3
5.3
5.9
6.4
6.1
6.8
4.9
4.0
17
Average weekly earnings (full-time adults; ordinary time) trend ($)
Aug qtr 03
974.0
933.4
861.9
871.9
931.5
836.4
910.5
1,064.9
20

SELECTED INDICATORS PER HEAD OF POPULATION(b)
State final demand
Chain volume measures trend (c)
($'000)
Sep qtr 03
9.9
9.8
9.2
9.2
10.0
8.1
13.6
16.8
1
Retail turnover
Current prices original ($)
Nov 03
842.0
780.8
847.0
776.9
797.3
721.6
799.0
1,013.1
3
Current prices trend ($)
Nov 03
813.7
752.9
829.2
736.3
767.4
702.8
797.1
973.7
3
New motor vehicle sales
trend (no. per '000 population)
Dec 03
3.7
4.1
4.0
3.4
3.6
3.3
3.2
3.9
4
Private new capital expenditure
Current prices trend ($)
Sep qtr
533.6
641.6
563.6
721.5
1,101.3
362.6
2,546.0
538.9
5
Dwelling unit approvals
Original (no. per '000 population)
Nov 03
0.562
0.720
0.970
0.545
1.025
0.681
0.252
0.387
7
Trend (no. per '000 population)
Nov 03
0.590
0.816
1.001
0.631
1.061
0.528
0.464
0.483
7
Secured housing finance(d) ($)
Nov 03
644.9
480.5
553.2
436.6
557.9
271.4
323.2
493.7
22

PERCENTAGE CHANGE FROM PREVIOUS PERIOD
State final demand
Chain volume measures trend (c)
Sep qtr 03 03
0.6
0.5
1.4
1.4
1.8
1.0
3.1
0.6
1
Retail turnover
Current prices original (%)
Nov 03
2.1
1.8
0.2
1.5
1.7
2.2
-3.9
4.4
3
Current prices trend
Nov 03
1.1
0.8
1.5
0.6
0.3
0.8
0.6
-0.3
3
New motor vehicle sales trend (%)
Dec 03
-1.9
-1.1
-1.3
-0.7
-1.0
-2.6
-0.6
-1.0
4
Private new capital expenditure
Current prices trend(e) (%)
Sep qtr 03 03
-0.4
-0.4
-2.9
3.7
6.3
-10.8
4.8
4.8
5
Dwelling unit approvals
Original (%)
Nov 03
-9.8
-31.1
-2.5
-33.5
-16.9
36.6
-52.4
-74.2
7
Trend (%)
Nov 03
-1.9
0.7
-0.4
-0.1
2.3
0.8
0.4
-2.1
7
CPI- All groups (%)
Sep qtr 03
0.1
0.6
1.1
0.8
0.9
0.2
-0.1
0.9
13
Participation rate trend (e) (%)
Dec 03
0.1
0.1
0.1
0.0
0.1
0.0
0.2
0.2
17
Unemployment rate trend (e) (%)
Dec 03
-0.1
0.0
-0.2
0.1
0.0
0.0
-0.2
0.0
17
Average weekly earnings (full-time adults;ordinary time) trend (%)
Aug qtr 03
1.0
1.5
2.3
1.5
2.0
0.7
1.6
1.3
20
Secured housing finance (%)
Nov 03
-8.7
-8.9
-8.9
-8.5
-6.3
-14.2
-3.8
-13.3
22

(a) Base year of index 1989-90=100.
(b) The latest quarterly estimate of Australian resident population has been used to calculate ratios for subsequent periods.
(c) Reference year for chain volume measures is 2001-02.
(d) Excludes alterations and additions. Includes refinancing.
(e) Change is shown in terms of percentage points.


SOURCE INDEX FOR STATISTICAL & STATE SUMMARY TABLES

1
    Australian National Accounts: National Income, Expenditure and Product (Cat. no. 5206.0)-and ABS data available on request
2
    International Trade in Goods and Services (Cat. no. 5368.0) and International Merchandise Imports (Cat. no. 5349.0). Further detail available on request and in the associated datacubes.
3
    Retail Trade, Australia (Cat. no. 8501.0) Monthly
4
    Sales of New Motor Vehicles, Australia (Cat. no. 9314.0.55.001) Monthly
5
    Private New Capital Expenditure and Expected Expenditure, Australia (Cat. no.5625.0) Quarterly - and Ausstats data.
6
    Tourist Accommodation, Australia (Cat. no. 8635.0) Quarterly
7
    Building Approvals, Australia (Cat. no. 8731.0) Monthly
8
    Building Activity, Australia (Cat. no. 8752.0) Quarterly
9
    Engineering Construction Activity, Australia (Cat. no. 8762.0) Quarterly
10
    Manufacturing Production, Australia (Cat. no. 8301.0) Quarterly
11
    Livestock Products, Australia (Cat. no. 7215.0) Quarterly-and ABS data available on request.
12
    Actual and Expected Private Mineral Exploration, Australia (Cat. no. 8412.0) Quarterly
13
    Consumer Price Index (Cat. no. 6401.0) Quarterly
14
    Producer Price Indexes, Australia (Cat. no. 6427.0) Quarterly
15
    House Price Indexes: Eight Capital Cities (Cat. no. 6416.0) Quarterly
16
    Australian Demographic Statistics (Cat. no. 3101.0) Quarterly
17
    Labour Force, Australia (Cat. no. 6202.0) Monthly
18
    Job Vacancies, Australia (Cat. no. 6354.0) Quarterly
19
    Industrial Disputes, Australia (Cat. no. 6321.0) Monthly
20
    Average Weekly Earnings, Australia (Cat. no. 6302.0) Quarterly
21
    Wage Cost Index, Australia (Cat. no. 6345.0) Quarterly
22
    Housing Finance for Owner Occupation, Australia (Cat. no. 5609.0) Monthly
23
    Lending Finance, Australia (Cat. no. 5671.0) Monthly-and ABS data available on request.
24
    Reserve Bank of Australia Bulletin


For further information about these and related statistics, contact Damian Sparkes on Adelaide 08 8237 7425, or any ABS office.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.