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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 and social indicators.
OVERVIEW
The data in this Overview are presented in trend terms, unless otherwise stated.
Included in this overview are Statistical Summary tables showing comparisons between South Australia and Australia for a variety of economic and social indicators. Also included is a State Summary, showing the performance of all States and Territories for selected indicators.
Further detail on all the indicators shown below can be obtained by accessing the latest Data Cube attached to this publication. This Data Cube is available within the Related Links section at the bottom of this page.
INTERNATIONAL TRADE
The value of South Australian merchandise exports (in original terms) for the month of February 2004 was $660.7m. This was an increase of 27.8% from the previous month and 5.8% less than the value of exports in February 2003 ($701.1m).
The value of South Australian merchandise imports (in original terms) for February 2004 was $395.8m. This was an increase of 0.8% from the $392.8m recorded in January 2004 and 24.2% less than the February 2003 figure of $522.2m.
Merchandise Exports and Imports
- See International Merchandise Imports, Australia (Timeseries, cat. no. 5439.0), International Trade in Goods and Services, Australia (cat. no. 5368.0)
CONSUMPTION AND INVESTMENT
Retail Turnover continued its steady increase, with a positive movement of 0.5% from January 2004 ($1,148.8m) to $1,155.0m in February 2004. In the twelve month period from February 2003, total retail turnover increased by 5.4% from $1,095.4m.
Retail Turnover
- See Retail Trade, Australia (cat. no. 8501.0)
March 2004 saw a total of 5,204 new motor vehicle sales - a decrease of 0.2% on the previous month's figure of 5,215 vehicles. However, the March figure is 4.3% higher than the new vehicles sales recorded in March 2003 (4,991).
New Motor Vehicle Sales
- See Sales of New Motor Vehicles, Australia (cat. no. 9314.0.55.001)
HOUSING
In February 2004 the estimated total number of dwelling units approved in South Australia was 897, slightly lower than January 2004 (914) however this was 36 more than the 861 recorded in February 2003.
Dwelling Units Approved
- See Building Approvals, Australia (cat. no. 8731.0)
CONSUMER PRICE INDEX
The all groups consumer price index in Adelaide for the March quarter 2004 was 147.7, an increase of 2.1% on the level recorded for the same period in 2003 and up 1.0% on the December quarter 2003.
Consumer Price Index
- See Consumer Price Index, Australia (cat. no. 6401.0)
LABOUR FORCE AND DEMOGRAPHY
The estimate of employed persons in South Australia was 716,300 in March 2004, slightly lower than the peak in July 2003 (719,800) and similar to the level of twelve months ago (714,200). The total number of persons employed full-time in South Australia was 487,400 in March 2004, lower than the March 2003 estimate of 503,300.
Employed Persons
The estimate of the unemployment rate for South Australia was 6.5% in March 2004 and was higher than the March 2003 estimate of 6.2%. The estimate of the participation rate in South Australia was 61.5% in March 2004 compared to 61.7% in March 2003, lower than the most recent peak of 62.1% in June 2003.
Unemployment Rate - Trend
- See Labour Force, Australia (cat. no. 6202.0)
FINANCIAL MARKETS
The value of secured housing finance commitments (excluding alterations and additions, and including refinancing) was $628.0m in February 2004. This was a decrease of 2.0% from the previous month and an increase of 13.5% over the value of commitments in February 2003 ($553.1m).
Secured Housing Finance Commitments (a)
(a) Excludes alterations and additions. Includes refinancing.
- See Housing Finance for Owner Occupation, Australia (cat. no. 5609.0)
STATISTICAL SUMMARY Part 1
 | | South Australia
| | Australia
| | |
| | | % change from
| | | % change from
| | |
| Indicator | Period | Number | Previous
period | Same period
previous year | | Number | Previous
period | Same period
previous year | SA as a % of Australia | Source
index |
| State accounts | | | | | | | | | | |
| Domestic final demand | | | | | | | | | | |
| Chain volume measures trend ($m) | Dec qtr 03 | 14,061 | 0.6 | 5.3 | | 199,540 | 1.7 | 5.9 | 7.0 | 1 |
| Private final consumption expenditure | | | | | | | | | | |
| Current prices trend ($m) | Dec qtr 03 | 8,744 | 1.3 | 5.3 | | 119,673 | 1.8 | 6.5 | 7.3 | |
| Chain volume measures trend ($m) | Dec qtr 03 | 8,366 | 0.8 | 3.4 | | 116,240 | 1.6 | 5.4 | 7.2 | 1 |
| Private gross fixed capital formation | | | | | | | | | | |
| Current prices trend ($m) | Dec qtr 03 | 2,887 | 0.6 | 15.4 | | 43,382 | 3.6 | 12.5 | 6.7 | |
| Chain volume measures trend ($m) | Dec qtr 03 | 2,849 | 0.1 | 14.6 | | 42,244 | 2.9 | 10.4 | 6.7 | 1 |
| Compensation of employees | | | | | | | | | | |
| Current prices trend ($m) | Dec qtr 03 | 5,943 | 0.2 | 3.5 | | 93,901 | 1.0 | 5.3 | 6.3 | |
| International accounts | | | | | | | | | | |
| Exports ($m) | Feb 04 | 660.7 | 27.8 | -5.8 | | 8,389.9 | 6.2 | -7.4 | 7.9 | 2 |
| Imports ($m) | Feb 04 | 395.8 | 0.8 | -24.2 | | 9,452.4 | -4.9 | -7.6 | 4.2 | 2 |
| Consumption and investment | | | | | | | | | | |
| Retail turnover | | | | | | | | | | |
| Current prices original ($m) | Feb 04 | 1,032.7 | -10.3 | 8.1 | | 14,334.4 | -9.0 | 11.6 | 7.2 | 3 |
| Current prices trend ($m) | Feb 04 | 1,155.0 | 0.5 | 5.4 | | 15,809.2 | 0.3 | 8.4 | 7.3 | 3 |
| Chain volume measures original ($m) | Dec qtr 03 | 3,719.3 | 19.4 | 12.4 | | 51,213.2 | 17.7 | 13.2 | 7.3 | 3 |
| New motor vehicle sales | | | | | | | | | | |
| Original (no.) | Mar 04 | 5,561 | 9.9 | 8.0 | | 86,046 | 13.4 | 13.1 | 6.5 | 4 |
| Trend (no.) | Mar 04 | 5,204 | -0.2 | 4.3 | | 78,521 | 0.5 | 6.1 | 6.6 | 4 |
| Private new capital expenditure | | | | | | | | | | |
| Current prices original ($m) | Dec qtr 03 | 1,075 | 10.6 | -7.2 | | 13,778 | 8.0 | -4.3 | 7.8 | 5 |
| Current prices trend ($m) | Dec qtr 03 | 991 | -5.1 | 5.5 | | 13,088 | 0.8 | 5.0 | 7.6 | 5 |
| Private new capital expenditure ($m) | 2002-03 | 4,020 | 29.1 | .. | | 51,093 | 15.1 | .. | 7.9 | 5 |
| Tourist accommodation takings ($m) | Dec qtr 03 | 68.3 | 12.9 | 5.2 | | 1,499.3 | 9.2 | 14.1 | 4.6 | 6 |
| Production | | | | | | | | | | |
| Dwelling unit approvals | | | | | | | | | | |
| Original (no.) | Feb 04 | 826 | 19.4 | 10.7 | | 13,732 | 15.4 | 5.4 | 6.0 | 7 |
| Trend (no.) | Feb 04 | 897 | -1.8 | 4.2 | | 14,301 | -1.5 | 2.0 | 6.3 | 7 |
| Dwelling units commenced (no.) | Dec qtr 03 | 2,776 | 9.2 | 1.3 | | 46,696 | 6.6 | 4.7 | 5.9 | 8 |
| Value of non-residential building approvals- trend ($m) | Feb 04 | 75.2 | -17.1 | -2.5 | | 1,206.9 | -3.2 | -8.2 | 6.2 | 7 |
| Value of total building activity | | | | | | | | | | |
| Commenced ($m) | Dec qtr 03 | 985.4 | 40.9 | 32.7 | | 14,090.1 | 9.4 | 5.0 | 7.0 | 8 |
| Work done ($m) | Dec qtr 03 | 750.3 | 11.7 | 23.4 | | 13,844.8 | 8.0 | 13.4 | 5.4 | 8 |
| Work yet to be done ($m) | Dec qtr 03 | 1,406.3 | 27.9 | 41.2 | | 22,562.3 | 4.7 | 14.6 | 6.2 | 8 |
| Value of engineering construction work done ($m) | Dec qtr 03 | 436.4 | -1.1 | -11.8 | | 6,960.5 | 11.7 | 10.5 | 6.3 | 9 |
| Manufacturing production | | | | | | | | | | |
| Red meat trend (tonnes) | Dec qtr 03 | 54,882 | -1.3 | -12.3 | | 729,760 | 0.2 | -7.7 | 7.5 | 11 |
| Mineral exploration expenditure (other than for petroleum) ($m) | Dec qtr 03 | 9.6 | 3.2 | -4.0 | | 199.5 | 11.0 | 3.5 | 4.8 | 12 |
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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.) | Mar qtr 04 | 147.7 | 1.0 | 2.1 | | 144.1 | 0.9 | 2.0 | .. | 13 |
| Price index of materials used in house building (index no.) | Mar qtr 04 | 138.3 | 0.7 | 1.5 | | 134.4 | 0.6 | 2.7 | .. | 14 |
| Price index of materials used in building other than houses (index no.) | Mar qtr 04 | 126.1 | 0.3 | 1.9 | | 126.9 | 0.2 | 2.3 | .. | 14 |
| Price index of established houses (index no.) | Dec qtr 03 | 220.4 | 6.4 | 24.2 | | 245.1 | 6.0 | 18.9 | .. | 15 |
| Price index of project homes (index no.) | Dec qtr 03 | 164.9 | 2.6 | 6.0 | | 153.7 | 1.7 | 7.9 | .. | 15 |
| Labour force and demography | | | | | | | | | | |
| Population (resident at end qtr) ('000) | Sep qtr 03 | 1,529.4 | 0.1 | 0.6 | | 19,941.3 | 0.3 | 1.3 | 7.7 | 16 |
| Natural increase of the population ('000) | Sep qtr 03 | 1.3 | -6.1 | 39.3 | | 27.7 | -12.7 | 12.1 | 4.8 | 16 |
| Labour Force | | | | | | | | | | |
| Original ('000) | Mar 04 | 770.4 | 0.3 | 0.7 | | 10,228.3 | 0.2 | 1.3 | 7.5 | 17 |
| Trend ('000) | Mar 04 | 766.1 | 0.0 | 0.6 | | 10,190.8 | 0.1 | 0.9 | 7.5 | 17 |
| Employed persons | | | | | | | | | | |
| Original ('000) | Mar 04 | 724.0 | 1.9 | 0.9 | | 9,626.8 | 0.9 | 2.0 | 7.5 | 17 |
| Trend ('000) | Mar 04 | 716.3 | 0.1 | 0.3 | | 9,608.8 | 0.1 | 1.5 | 7.5 | 17 |
| Participation rate | | | | | | | | | | |
| Original (b) (%) | Mar 04 | 61.9 | 0.2 | -0.1 | | 63.8 | 0.1 | -0.2 | .. | 17 |
| Trend (b) (%) | Mar 04 | 61.5 | 0.0 | -0.2 | | 63.6 | 0.1 | -0.3 | .. | 17 |
| Unemployment rate | | | | | | | | | | |
| Original (b) (%) | Mar 04 | 6.0 | -1.5 | -0.2 | | 5.9 | -0.7 | -0.7 | .. | 17 |
| Trend (b) (%) | Mar 04 | 6.5 | -0.1 | 0.3 | | 5.7 | 0.0 | -0.5 | .. | 17 |
| Job vacancies ('000) | Feb 04 | 5.5 | 37.6 | -21.9 | | 105.7 | 0.0 | -5.0 | 5.2 | 18 |
| Industrial disputes ('000 working days lost) | Dec 03 | 0.3 | -62.5 | -40.0 | | 37.7 | -0.5 | 97.4 | 0.8 | 19 |
| Income | | | | | | | | | | |
| Average weekly earnings (full-time; ordinary time) | | | | | | | | | | |
| Original ($) | Nov qtr 03 | 867.80 | 0.5 | 6.0 | | 938.40 | 0.9 | 5.5 | .. | 20 |
| Trend ($) | Nov qtr 03 | 867.10 | 0.2 | 5.3 | | 939.60 | 1.1 | 5.6 | .. | 20 |
| Wage cost index (total hourly rate excluding bonuses) | | | | | | | | | | |
| (c) index no. | Dec qtr 03 | 123.0 | 1.2 | 3.8 | | 122.7 | 0.9 | 3.7 | .. | 21 |
| Financial markets | | | | | | | | | | |
| Secured housing finance (d) | | | | | | | | | | |
| Original ($m) | Feb 04 | 585.0 | 8.4 | 15.1 | | 9,026.0 | 11.9 | 9.0 | 6.5 | 22 |
| Trend ($m) | Feb 04 | 628.0 | -2.0 | 13.5 | | 9,896.0 | -3.1 | 10.3 | 6.3 | 22 |
| Finance commitments | | | | | | | | | | |
| Personal ($m) | Feb 04 | 389.8 | 8.0 | 6.7 | | 5,980.9 | 5.6 | 7.7 | 6.5 | 23 |
| Commercial ($m) | Feb 04 | 983.3 | 39.6 | 37.8 | | 18,560.2 | 7.7 | 4.6 | 5.3 | 23 |
| Lease ($m) | Feb 04 | 15.6 | 26.8 | 14.7 | | 436.9 | 20.0 | -1.5 | 3.6 | 23 |
| Interest rates (b) | | | | | | | | | | |
| Banks - new housing loans (%) | Mar 04 | .. | .. | .. | | 7.05 | 0.0 | 0.50 | .. | 24 |
| Banks - business loans | | | | | | | | | | |
| Small, medium businesses (e) (%) | Mar 04 | .. | .. | .. | | 8.85 | 0.0 | 0.50 | .. | 24 |
| Large business (%) | Mar 04 | .. | .. | .. | | 8.85 | 0.0 | 0.50 | .. | 24 |
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(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 $50,000. |
STATE SUMMARY
| | | | | | | | | | Source |
| Indicator | Period | NSW | Vic. | Qld | SA | WA | Tas. | NT | ACT | index |
|
SELECTED INDICATORS
| |
| CPI- All groups(a) (index no.) | Mar qtr | 145.0 | 143.5 | 145.4 | 147.7 | 139.6 | 143.0 | 139.0 | 143.9 | 13 |
| Participation rate trend (%) | Mar 04 | 62.6 | 63.2 | 64.8 | 61.5 | 65.7 | 59.2 | 71.9 | 72.0 | 17 |
| Unemployment rate trend (%) | Mar 04 | 5.3 | 5.6 | 6.3 | 6.5 | 5.5 | 6.8 | 4.4 | 3.7 | 17 |
| Average weekly earnings (full-time adults; ordinary time) trend ($) | Nov qtr | 977.20 | 948.70 | 880.80 | 867.10 | 941.30 | 835.00 | 925.30 | 1,069.70 | 20 |
|
SELECTED INDICATORS PER HEAD OF POPULATION(b)
| |
| State final demand | | | | | | | | | | |
| Chain volume measures trend (c) | | | | | | | | | | |
| ($'000) | Dec qtr | 10.1 | 9.9 | 9.5 | 9.2 | 10.3 | 8.4 | 13.8 | 16.9 | 1 |
| Retail turnover | | | | | | | | | | |
| Current prices original ($) | Feb 04 | 728.4 | 703.5 | 742.7 | 675.2 | 705.4 | 650.8 | 686.8 | 886.9 | 3 |
| Current prices trend ($) | Feb 04 | 804.5 | 765.6 | 827.5 | 755.2 | 772.3 | 701.8 | 796.6 | 972.1 | 3 |
| New motor vehicle sales | | | | | | | | | | |
| trend (no. per '000 population) | Mar 04 | 3.8 | 4.2 | 4.3 | 3.4 | 3.7 | 2.9 | 3.7 | 3.7 | 4 |
| Private new capital expenditure | | | | | | | | | | |
| Current prices trend ($) | Dec qtr | 525.1 | 612.1 | 595.5 | 648.0 | 1,220.1 | 330.2 | 2,567.8 | 452.6 | 5 |
| Dwelling unit approvals | | | | | | | | | | |
| Original (no. per '000 population) | Feb 04 | 0.578 | 0.686 | 0.824 | 0.540 | 1.023 | 0.420 | 0.413 | 0.670 | 7 |
| Trend (no. per '000 population) | Feb 04 | 0.555 | 0.766 | 0.925 | 0.598 | 1.033 | 0.479 | 0.478 | 0.490 | 7 |
| Secured housing financed) ($) | Feb 04 | 506.2 | 390.0 | 477.9 | 382.5 | 500.4 | 244.8 | 382.6 | 395.9 | 22 |
| | | | | | | | | | |
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PERCENTAGE CHANGE FROM PREVIOUS PERIOD
| |
| State final demand | | | | | | | | | | |
| Chain volume measures trend (c) | Dec qtr | 1.2 | 0.9 | 3.1 | 0.6 | 1.8 | 2.1 | 2.0 | 0.5 | 1 |
| Retail turnover | | | | | | | | | | |
| Current prices original | Feb 04 | -8.9 | -6.7 | -11.4 | -10.3 | -10.2 | -8.8 | -3.9 | -5.0 | 3 |
| Current prices trend | Feb 04 | -0.1 | 0.6 | 0.3 | 0.5 | 0.3 | 0.2 | 0.2 | -0.2 | 3 |
| New motor vehicle sales trend | Mar 04 | 0.4 | 0.1 | 1.8 | -0.2 | 0.4 | -3.0 | 3.7 | -1.1 | 4 |
| Private new capital expenditure | | | | | | | | | | |
| Current prices trend (e) | Dec qtr | -0.9 | -1.8 | 1.6 | -5.1 | 7.2 | -7.1 | 3.2 | -6.4 | 5 |
| Dwelling unit approvals | | | | | | | | | | |
| Original (%) | Feb 04 | 42.8 | -7.1 | 7.9 | 19.4 | 29.3 | 1.5 | 13.9 | 89.5 | 7 |
| Trend (%) | Feb 04 | -0.1 | -1.8 | -1.3 | -1.8 | -0.6 | 0.2 | -1.9 | 3.6 | 7 |
| CPI- All groups (%) | Mar qtr | 1.0 | 1.0 | 0.8 | 1.0 | 0.3 | 0.7 | 0.4 | 0.7 | 13 |
| Participation rate trend (e) | Mar 04 | 0.1 | 0.1 | -0.1 | -0.0 | -0.1 | 0.2 | 0.2 | 0.2 | 17 |
| Unemployment rate trend (e) | Mar 04 | -0.9 | 0.3 | 0.9 | -0.9 | -2.0 | -0.5 | -2.7 | -1.5 | 17 |
| Average weekly earnings (full-time adults;ordinary time) trend | Nov qtr | 0.6 | 1.5 | 2.2 | 0.2 | 1.4 | 0.2 | 1.5 | 0.8 | 20 |
| Secured housing finance | Feb 04 | 13.5 | 2.5 | 20.8 | 8.4 | 12.0 | 4.9 | 50.7 | 12.8 | 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. |
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