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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 on this page.
IMPORTANT CHANGES
June quarter 2004 is the last quarter that the ABS will be compiling the Price Index of Materials Used in Building Other than House Building. This data appears in the Statistical Summary (Part 2) of this publication. Users of this index, who are interested in discussing alternative indicators of price changes for these commodities, can contact Steve Whennan on Canberra (02) 6252 6251, or email <steve.whennan@abs.gov.au>.
The June Quarter 2004 figure for Sawn Timber production will be the last time this data is compiled. This data is published in Table 15 (refer to the Data Cube available within the Related Links section). At this stage, it is unlikely that alternative data will be available from the ABS in the future.
INTERNATIONAL TRADE
The value of South Australian merchandise exports (in original terms) for the month of July 2004 was $630.1m. This was a decrease of 6.2% from the previous month and 7.0% more than the value of exports in July 2003 ($588.8m).
The value of South Australian merchandise imports (in original terms) for July 2004 was $465.1m. This was an increase of 1.8% from the $456.8m recorded in June 2004, and 4.4% more than the July 2003 figure of $445.5m.
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
In current price terms, the National Accounts figures for the June qtr 2004 showed that state final demand in South Australia increased by 2.0% from the March qtr 2004 ($14.8b) to $15.1b. This was also a 7.0% increase on the June qtr 2003 figure of $14.1b.
Household consumption expenditure grew by 1.8% from the March qtr 2004 to be $9.1b for the June qtr 2004. Private gross fixed capital formation was $2.8b for the June qtr 2004, a figure 1.0% higher than the previous quarter and 2.5% higher than the June qtr 2003.
Total retail turnover continued its steady increase, with a positive movement of 0.4% from June 2004 ($1,216.9m) to $1,222.1m in July 2004. In the twelve month period from July 2003, total retail turnover increased by 6.2% from $1,150.5m. The food retailing sector continued to be the main driver for retail turnover. The July 2004 figure ($496.7m), for food retailing, was 0.7% ($3.5m) higher than June 2004 and a 7.8% ($36.1m) increase on the same period last year.
Retail Turnover
- See Retail Trade, Australia (cat. no. 8501)
August 2004 saw a total of 5,189 new motor vehicle sales - an increase of 0.2% on the previous month. The August 2004 figure is 1.8% lower than the new vehicles sales recorded in August 2003 (5,285).
New Motor Vehicle Sales
- See Sales of New Motor Vehicles, Australia (cat. no. 9314.0.55.001)
HOUSING
In July 2004 the estimated total number of dwelling units approved in South Australia was 1,004, slightly higher than June 2004 (952) and also higher than the figure for July 2003 (912).
Dwelling Units Approved
- See Building Approvals, Australia (cat. no. 8731.0)
CONSUMER PRICE INDEX
The all groups consumer price index in Adelaide for the June quarter 2004 was 148.6, an increase of 3.0% on the level recorded for the same period in 2003 and up 0.6% on the March quarter 2004.
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 721,500 in August 2004, slightly higher than in August 2003 (719,000). The total number of persons employed full-time in South Australia was 496,300 in August 2004, lower than the August 2003 estimate of 502,100.
Employed Persons
The trend estimate of the unemployment rate for South Australia was 6.2% in August 2004, the same as in August 2003. The trend estimate of the participation rate in South Australia was 61.6% in August 2004, slightly lower than in August 2003 (61.9%).
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 $611.8m in July 2004. This was a decrease of 0.4% from the previous month and 5.8% less than the value of commitments in July 2003 ($649.3m).
Secured Housing Finance Commitments (a)
(a) Excludes alterations and additions. Includes refinancing.
- See Housing Finance for Owner Occupation, Australia (cat. no. 5609.0)
STATISTICAL SUMMARY Part 1
 | | South Australia
| | Australia
| | |
| | | % change from
| | | % change from
| | |
| Indicator | Period | Number | Previous
period | Same period
previous year | | Number | Previous
period | Same period
previous year | SA as a % of Australia | Source
index |
| State accounts | | | | | | | | | | |
| Domestic final demand | | | | | | | | | | |
| Chain volume measures trend ($m) | Jun qtr 04 | 14,708 | 1.4 | 4.9 | | 207,933 | 1.2 | 5.9 | 7.1 | 1 |
| Private final consumption expenditure | | | | | | | | | | |
| Current prices trend ($m) | Jun qtr 04 | 9,112 | 1.8 | 6.8 | | 123,950 | 1.7 | 7.4 | 7.4 | |
| Chain volume measures trend ($m) | Jun qtr 04 | 8,873 | 1.3 | 4.9 | | 121,734 | 1.3 | 6.1 | 7.3 | 1 |
| Private gross fixed capital formation | | | | | | | | | | |
| Current prices trend ($m) | Jun qtr 04 | 2,821 | 1.0 | 2.5 | | 43,213 | 1.2 | 7.4 | 6.5 | |
| Chain volume measures trend ($m) | Jun qtr 04 | 2,840 | 1.2 | 3.4 | | 42,707 | 1.1 | 7.2 | 6.6 | 1 |
| Compensation of employees | | | | | | | | | | |
| Current prices trend ($m) | Jun qtr 04 | 6,113 | 1.6 | 3.5 | | 97,149 | 1.6 | 5.8 | 6.3 | |
| International accounts | | | | | | | | | | |
| Exports ($m) | July 04 | 630.1 | -6.2 | 7.0 | | 10,013.7 | -3.7 | 17.5 | 6.3 | 2 |
| Imports ($m) | July 04 | 465.1 | 1.8 | 4.4 | | 12,557.8 | 1.9 | 18.4 | 3.7 | 2 |
| Consumption and investment | | | | | | | | | | |
| Retail turnover | | | | | | | | | | |
| Current prices original ($m) | July 04 | 1,197.8 | 3.0 | 6.8 | | 16,307.8 | 2.9 | 7.3 | 7.3 | 3 |
| Current prices trend ($m) | July 04 | 1,222.1 | 0.4 | 6.2 | | 16,600.9 | 0.5 | 7.0 | 7.4 | 3 |
| Chain volume measures original ($m) | Jun qtr 04 | 3,337.6 | 2.2 | 4.1 | | 45,921.3 | 2.4 | 7.6 | 7.3 | 3 |
| New motor vehicle sales | | | | | | | | | | |
| Original (no.) | Aug 04 | 5,414 | 9.4 | 2.9 | | 79,244 | 2.9 | 4.0 | 6.8 | 4 |
| Trend (no.) | Aug 04 | 5,189 | 0.2 | -1.8 | | 78,510 | -0.0 | -0.2 | 6.6 | 4 |
| Private new capital expenditure | | | | | | | | | | |
| Current prices original ($m) | Jun qtr 04 | 1,054 | 31.4 | -7.8 | | 13,620 | 23.0 | 2.2 | 7.7 | 5 |
| Current prices trend ($m) | Jun qtr 04 | 951 | 0.5 | -10.4 | | 12,632 | -0.5 | -2.0 | 7.5 | 5 |
| Private new capital expenditure ($m) | 2003-04 | 3,906 | -2.5 | | | 51,244 | 0.8 | | 7.6 | 5 |
| Tourist accommodation takings ($m) | Mar qtr 04 | 68.6 | 0.4 | 16.1 | | 1,398.6 | -6.7 | 12.4 | 4.9 | 6 |
| Production | | | | | | | | | | |
| Dwelling unit approvals | | | | | | | | | | |
| Original (no.) | Jul 04 | 1,087 | -0.1 | 5.8 | | 14,519 | -2.6 | -11.4 | 7.5 | 7 |
| Trend (no.) | Jul 04 | 1,004 | 5.5 | 10.1 | | 14,437 | -0.3 | -3.1 | 7.0 | 7 |
| Dwelling units commenced (no.) | Mar qtr 04 | 2,287 | -17.5 | -3.3 | | 40,304 | -12.9 | 4.7 | 5.7 | 8 |
| Value of non-residential building approvals- trend ($m) | Jul 04 | 65.6 | -4.4 | -45.2 | | 1,273.2 | -1.4 | -10.9 | 5.2 | 7777 |
| Value of total building activity | | | | | | | | | | |
| Commenced ($m) | Mar qtr 04 | 564.0 | -42.8 | -0.5 | | 13,058.9 | -7.8 | 12.6 | 4.3 | 8 |
| Work done ($m) | Mar qtr 04 | 718.0 | -3.2 | 24.2 | | 12,752.4 | -7.4 | 14.0 | 5.6 | 8 |
| Work yet to be done ($m) | Mar qtr 04 | 1,282.1 | -9.4 | 28.6 | | 23,600.3 | 3.9 | 14.9 | 5.4 | 8 |
| Value of engineering construction work done ($m) | Mar qtr 04 | 368.7 | -16.0 | -18.4 | | 6,566.1 | -6.0 | 10.7 | 5.6 | 9 |
| Manufacturing production | | | | | | | | | | |
| Red meat trend (tonnes) | Jun qtr 04 | 55,265 | -0.3 | -3.9 | | 774,010 | 1.7 | 5.4 | 7.1 | 11 |
| Mineral exploration expenditure (other than for petroleum) ($m) | Jun qtr 04 | 15.7 | 121.1 | 42.7 | | 240.2 | 43.6 | 17.9 | 6.5 | 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.) | Jun qtr 04 | 148.6 | 0.6 | 3.0 | | 144.8 | 0.5 | 2.5 | .. | 13 |
| Price index of materials used in house building (index no.) | Jun qtr 04 | 140.6 | 1.7 | 2.8 | | 136.1 | 1.3 | 3.0 | .. | 14 |
| Price index of materials used in building other than houses (index no.) | Jun qtr 04 | 129.7 | 2.9 | 3.7 | | 130.7 | 3.0 | 4.0 | .. | 14 |
| Price index of established houses (index no.) | Jun qtr 04 | 232.8 | 5.7 | 33.7 | | 248.2 | -3.1 | 24.4 | .. | 15 |
| Price index of project homes (index no.) | Jun qtr 04 | 169.5 | 1.2 | 11.6 | | 158.4 | 2.6 | 10.5 | .. | 15 |
| Labour force and demography | | | | | | | | | | |
| Population (resident at end qtr) ('000) | Mar qtr 04 | 1,533.2 | 0.2 | 0.6 | | 20,061.8 | 0.3 | 2.4 | 7.6 | 16 |
| Natural increase of the population ('000) | Mar qtr 04 | 1,637.0 | 33.4 | 7.5 | | 26,349.0 | -16.0 | -13.7 | 6.2 | 16 |
| Labour Force | | | | | | | | | | |
| Original ('000) | Aug 04 | 764.3 | -0.1 | 0.5 | | 10,128.1 | -0.8 | 1.6 | 7.5 | 17 |
| Trend ('000) | Aug 04 | 769.6 | 0.1 | 0.4 | | 10,240.1 | 0.0 | 1.7 | 7.5 | 17 |
| Employed persons | | | | | | | | | | |
| Original ('000) | Aug 04 | 717.7 | -0.3 | 0.4 | | 9,578.0 | -1.0 | 1.9 | 7.5 | 17 |
| Trend ('000) | Aug 04 | 721.5 | 0.1 | 0.4 | | 9,663.7 | 0.0 | 2.1 | 7.5 | 17 |
| Participation rate | | | | | | | | | | |
| Original (b) (%) | Aug 04 | 61.1 | -0.1 | -0.3 | | 62.7 | -0.6 | 0.0 | .. | 17 |
| Trend (b) (%) | Aug 04 | 61.6 | 0.0 | -0.3 | | 63.5 | 0.0 | 0.1 | .. | 17 |
| Unemployment rate | | | | | | | | | | |
| Original (b) (%) | Aug 04 | 6.1 | 0.3 | 0.1 | | 5.4 | 0.2 | -0.3 | .. | 17 |
| Trend (b) (%) | Aug 04 | 6.2 | 0.0 | 0.0 | | 5.6 | 0.0 | -0.4 | .. | 17 |
| Job vacancies ('000) | May 04 | 6.0 | 9.6 | 4.0 | | 122.7 | 16.1 | 23.4 | 4.9 | 18 |
| Industrial disputes ('000 working days lost) | Jun qtr 04 | 1.5 | -69.4 | 15.4 | | 152.9 | 90.2 | 175.5 | 1.0 | 19 |
| Income | | | | | | | | | | |
| Average weekly earnings (full-time; ordinary time) | | | | | | | | | | |
| Original ($) | May qtr 04 | 876.00 | 0.9 | 1.9 | | 949.50 | 0.2 | 3.1 | .. | 20 |
| Trend ($) | May qtr 04 | 873.30 | 0.5 | 1.6 | | 952.50 | 0.7 | 3.8 | .. | 20 |
| Wage cost index (total hourly rate excluding bonuses) | | | | | | | | | | |
| (c) (index no.) | Jun qtr 04 | 124.2 | 0.3 | 4.5 | | 124.3 | 0.6 | 4.2 | .. | 21 |
| Financial markets | | | | | | | | | | |
| Secured housing finance (d) | | | | | | | | | | |
| Original ($m) | Jul 04 | 638.8 | 0.6 | -5.8 | | 10,548.2 | 0.9 | -7.5 | 6.1 | 22 |
| Trend ($m) | Jul 04 | 611.8 | -0.4 | -5.8 | | 10,050.0 | 1.0 | -5.2 | 6.1 | 22 |
| Finance commitments | | | | | | | | | | |
| Personal ($m) | Jul 04 | 402.2 | -5.8 | -10.9 | | 6,576.0 | -9.9 | -6.0 | 6.1 | 23 |
| Commercial ($m) | Jul 04 | 927.6 | -27.9 | -15.2 | | 25,753.0 | -2.9 | 3.1 | 3.6 | 23 |
| Lease ($m) | Jul 04 | 15.4 | -28.4 | -7.2 | | 520.0 | -13.8 | -19.1 | 3.0 | 23 |
| Interest rates (b) | | | | | | | | | | |
| Banks - new housing loans (%) | Aug 04 | .. | .. | .. | | 7.05 | 0.0 | 0.50 | .. | 24 |
| Banks - business loans | | | | | | | | | | |
| Small, medium businesses (e) (%) | Aug 04 | .. | .. | .. | | 8.85 | 0.0 | 0.50 | .. | 24 |
| Large business (%) | Aug 04 | .. | .. | .. | | 8.85 | 0.0 | 0.50 | .. | 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 $50,000. |
STATE SUMMARY
| | | | | | | | | | Source |
| Indicator | Period | NSW | Vic. | Qld | SA | WA | Tas. | NT | ACT | index |
|
SELECTED INDICATORS
| |
| CPI- All groups(a) (index no.) | Jun qtr | 145.5 | 143.9 | 146.3 | 148.6 | 141.0 | 144.3 | 139.6 | 144.8 | 13 |
| Participation rate trend (%) | Aug 04 | 62.1 | 63.6 | 65.0 | 61.6 | 65.0 | 59.4 | 71.0 | 70.9 | 17 |
| Unemployment rate trend (%) | Aug 04 | 5.6 | 5.9 | 5.6 | 6.2 | 4.9 | 6.7 | 7.2 | 3.6 | 17 |
| Average weekly earnings (full-time adults; ordinary time) trend ($) | May qtr | 995.80 | 955.30 | 890.40 | 873.30 | 956.50 | 845.50 | 949.20 | 1,067.30 | 20 |
|
SELECTED INDICATORS PER HEAD OF POPULATION(b)
| |
| State final demand | | | | | | | | | | |
| Chain volume measures trend (c) | | | | | | | | | | |
| ($'000) | Jun qtr | 10.4 | 10.4 | 9.9 | 9.6 | 10.5 | 8.8 | 13.9 | 17.7 | 1 |
| Retail turnover | | | | | | | | | | |
| Current prices original ($) | July 04 | 820.4 | 778.2 | 850.2 | 781.2 | 821.4 | 713.7 | 895.4 | 942.3 | 3 |
| Current prices trend ($) | July 04 | 841.8 | 792.4 | 857.0 | 797.1 | 838.0 | 733.4 | 825.8 | 942.3 | 3 |
| New motor vehicle sales | Aug 04 | 3.7 | 4.1 | 4.5 | 3.4 | 3.8 | 3.4 | 3.5 | 3.6 | |
| trend (no. per '000 population) | | | | | | | | | | 4 |
| Private new capital expenditure | Jun qtr | 549.0 | 570.5 | 584.4 | 620.3 | 1,098.8 | 379.9 | 2,339.4 | 410.6 | |
| Current prices trend ($) | | | | | | | | | | 5 |
| Dwelling unit approvals | July 04 | 0.518 | 0.762 | 0.917 | 0.709 | 1.119 | 0.459 | 0.628 | 0.222 | |
| Original (no. per '000 population) | July 04 | 0.563 | 0.728 | 0.867 | 0.621 | 1.050 | 0.571 | 0.633 | 0.692 | 7 |
| Trend (no. per '000 population) | Jul 04 | 584.9 | 489.9 | 534.7 | 416.6 | 567.0 | 305.8 | 394.6 | 420.8 | 7 |
| Secured housing finance (d) ($) | | | | | | | | | | 22 |
| | | | | | | | | | |
|
PERCENTAGE CHANGE FROM PREVIOUS PERIOD
| |
| State final demand | | | | | | | | | | |
| Chain volume measures trend (c) | Jun qtr | 1.1 | 1.1 | 1.6 | 1.4 | 1.0 | 0.6 | 0.6 | 0.9 | 1 |
| Retail turnover | | | | | | | | | | |
| Current prices original | Jul 04 | 3.0 | 2.6 | 2.7 | 3.0 | 4.0 | 2.8 | 4.5 | 1.1 | 3 |
| Current prices trend | Jul 04 | 0.7 | -0.2 | 0.7 | 0.4 | 1.0 | 0.8 | 1.1 | -0.0 | 3 |
| New motor vehicle sales trend | Aug 04 | -0.5 | -0.2 | 0.5 | 0.2 | 0.8 | 0.7 | -2.5 | -0.8 | 4 |
| Private new capital expenditure | | | | | | | | | | |
| Current prices trend (e) | Jun qtr | 2.7 | -2.9 | 1.5 | 0.5 | -2.6 | 4.0 | -1.1 | -2.9 | 5 |
| Dwelling unit approvals | | | | | | | | | | |
| Original (%) | Jul 04 | -4.4 | 3.3 | -7.1 | -0.1 | 3.2 | -5.6 | -10.1 | -62.7 | 7 |
| Trend (%) | Jul 04 | -1.4 | -1.9 | 0.3 | 5.5 | 1.6 | -1.8 | 7.1 | -9.8 | 7 |
| CPI- All groups (%) | Jun qtr | 0.3 | 0.3 | 0.6 | 0.6 | 1.0 | 0.9 | 0.4 | 0.6 | 13 |
| Participation rate trend (e) | Aug 04 | -0.2 | 0.1 | 0.0 | 0.0 | -0.2 | 0.0 | 0.0 | -0.2 | 17 |
| Unemployment rate trend (e) | Aug 04 | 0.0 | 0.1 | -0.1 | 0.0 | -0.1 | 0.0 | 0.4 | 0.0 | 17 |
| Average weekly earnings (full-time adults;ordinary time) trend | May qtr | 0.8 | 0.5 | 0.8 | 0.5 | 0.9 | 0.8 | 1.3 | 0.0 | 20 |
| Secured housing finance (d) | Jul 04 | -2.6 | 7.2 | -1.5 | 0.6 | 5.5 | 5.7 | 0.8 | -5.1 | 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
|
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