|
|
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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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 ($501.5m).
- See Housing Finance for Owner Occupation, Australia (Cat. 5609.0)
STATISTICAL SUMMARY Part 1
 | | South Australia
| | Australia
| | |
| | | % change from
| | | % change from
| | |
| Indicator | Period | Number | Previous
period | Same period
previous year | | Number | Previous
period | Same period
previous year | SA as a % of Australia | Source
index |
| State accounts | | | | | | | | | | |
| Domestic final demand | | | | | | | | | | |
| Chain volume measures trend ($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.
|
Print Page
Print All