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Data Wrap - GDP beats expectations, but conditions in South Australia remain weak

numbers

In this edition of the Data Wrap we review today's Gross Domestic Product figures. We also recap the latest outcomes for South Australia in respect of building approvals, resources exploration activity, and price inflation faced by the local government sector.

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Bushfires and weather hurt SA tourism activity, while coronavirus dampens the outlook

people relaxing on the beach

Eighty per cent of South Australian tourism businesses were impacted by the recent summer bushfires, with a slight majority (51 per cent) reporting they have been impacted to a moderate or significant extent, the December 2019 quarter edition of the SA Tourism Barometer report shows.

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Data Wrap - labour conditions still weak despite fall in unemployment

numbers

In this edition of the SA Data Wrap: a fall in unemployment hides ongoing labour market weakness; still no improvement in wage growth; and overseas arrivals data indicates inbound tourism held up well in December prior to the expected impact of bushfires.

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Data Wrap - some positive signs for new housing activity, but retail sales disappoint

numbers

In today’s Data Wrap we review several indicators that are relevant to the building sector, including lending activity, building approvals and office vacancy rates, and consider the latest retail sales data.

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Data Wrap - unemployment steady at end of 2019, but employment falls

numbers

In the first Data Wrap of 2020, we review today’s labour force figures, and briefly recap other key statistical releases from recent weeks which provide insight into various aspects of South Australia’s recent economic performance.

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Slower economic growth predicted for 2019/20 and further interest rate cuts will not help

Economic briefing report

South Australian economic growth will be much slower in 2019/20 as a consequence of the slowdown in the national economy becoming entrenched and the global economy losing further momentum, according to the latest Economic Briefing Report from SACES.

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Expect problem gambling to worsen under reforms

Gambling

Giving gamblers ready access to cash and allowing electronic gaming machines to accept banknotes will only worsen the situation for problem gamblers in South Australia.

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Data Wrap - retails sales remain sluggish as confidence declines

numbers

In this edition of the Data Wrap we review the latest ABS data on retail sales and building approvals, and explore what the latest Bank SA State Monitor has to say about consumer and business confidence in South Australia.

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Land tax debate: wholesale reform needed

coins stacked next to a wooden cut out of a house

A new report from University of Adelaide economists argues that the South Australian Government should consider wholesale reform to land tax.

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Newstart debate must focus on people not politics

man walking down stairs in bleak urban environment

A new report from University of Adelaide economists has added to the national debate about the Newstart Allowance, arguing that Newstart should be increased by as much as $120 a week and urging politicians to address the issue with maturity.

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