Monthly Summary of Economic Statistics

Department of Treasury and Finance
Summary of Economic Statistics
Economic Policy Branch

Thursday 21 December 2017
1. Australian States Economic Comparison

2. State Final Demand Quarterly Growth
3. State Final Demand Index
4. Household Final Consumption Expenditure
5. Private New Capital Expenditure
6. Private Gross Fixed Capital Formation
7. Business Investment
8. Dwelling Investment
9. Public Consumption and Investment
10. Gross State/Domestic Product
11. Population Growth
12. Employment Level
13. Labour Force Participation Rate
14. Full-time, Part-time and Total Employment
15. Aggregate Weekly Hours Worked
16. Unemployment Levels in Tasmania
17. Unemployment Rate
18. Unemployment Rate by Region
19. Department of Employment Internet Vacancy Index
20. Wage Price Index, all earnings excluding bonuses
21. Private Sector Wage Growth
22. Public Sector Wage Growth
23. Retail Trade
24. New Motor Vehicle Sales
25. Consumer Price Index
26. Australian Interest Rates
27. REIT Housing Affordability
28. Secured Housing Finance Commitments
29. Number of Residential Building Approvals
30. Value of Building Approvals
31. Value of International Exports
32. Tourism Visitors by type
33. Average Expenditure of Visitors by type
1. Australian States Economic Comparison - Growth Rates
NSW Vic Qld SA WA Tas Aust
STATE FINAL DEMAND (REAL)

4 quarters ending September Qtr 2017* 3.1 4.3 2.9 3.6 -4.2 2.1 2.5
September Qtr 2016 to September Qtr 2017† 2.2 4.7 2.6 4.4 -0.2 2.2 2.8
GROSS STATE PRODUCT (REAL)

2015-16 to 2016-17 2.9 3.3 1.8 2.2 -2.7 1.1 2.0
POPULATION
June Qtr 2017 from previous quarter 0.3 0.5 0.4 0.2 0.2 0.1 0.4
June Qtr 2016 to June Qtr 2017** 1.6 2.3 1.6 0.6 0.8 0.6 1.6
NUMBER EMPLOYED
12 months ending November 2017* 1.2 3.5 1.9 1.4 0.9 2.6 2.0
November 2016 to November 2017† 2.9 3.0 4.8 1.3 2.8 2.8 3.1
AGGREGATE WEEKLY HOURS WORKED

12 months ending November 2017* -0.7 1.3 0.2 0.7 0.6 0.7 0.2
PARTICIPATION RATE #
November 2017 64.0 66.1 65.9 62.0 68.4 60.9 65.4
November 2016 63.5 65.7 64.1 62.1 67.2 59.9 64.6
Change in participation rate (change in PP) 0.5 0.4 1.8 -0.1 1.2 1.0 0.8
NUMBER OF UNEMPLOYED
November 2016 to November 2017† -5.6 -1.3 -0.6 -11.8 -0.7 -4.3 -2.7
UNEMPLOYMENT RATE #
November 2017 4.6 5.7 5.8 5.8 6.2 5.9 5.4
November 2016 5.0 5.9 6.1 6.6 6.5 6.3 5.7
Change in unemployment rate (change in PP) -0.4 -0.2 -0.3 -0.8 -0.3 -0.4 -0.3
RETAIL SALES (REAL)

September Qtr 2016 to September Qtr 2017† 3.0 3.7 1.2 3.5 0.7 2.5 2.5
NEW CAR SALES

November 2016 to November 2017† -0.8 1.0 2.0 0.1 8.9 2.5 1.1
NUMBER OF DWELLING UNITS APPROVED

October 2016 to October 2017† 3.3 11.0 -2.0 17.9 -3.9 47.3 4.2
PRIVATE GROSS FIXED CAPITAL FORMATION

September Qtr 2016 to September Qtr 2017† 1.1 6.5 3.4 11.1 -6.5 11.6 2.7
AVERAGE WEEKLY ORDINARY TIME EARNINGS

May 2016 to May 2017† 0.4 3.8 2.5 2.6 0.8 1.4 1.8
OVERSEAS MERCHANDISE EXPORTS

12 months ending October 2017* 26.8 10.4 45.4 11.7 24.4 17.5 24.8
CONSUMER PRICE INDEX

Weighted
September Qtr 2016 to September Qtr 2017** Sydney Melbourne Brisbane Adelaide Perth Hobart 8 Capital Cities
1.9 2.2 1.5 1.8 0.8 2.0 1.8
† Trend Series: percentage change - point to point.

# Trend Series: actual rates, not percentage changes. The comparison for the participation rate and unemployment rate is a comparison of the absolute levels.
* Original Series: year-average percentage change compared to corresponding period one year earlier.
** Original Series: percentage change - point to point.
Reductions shown in blue demonstrate an improvement in the relevant state or national economy.
2. Final demand quarterly growth, real trend data 3. Final demand index, real trend data
1.5 110
% change from previous quarter
1.0
Index: June 2012 = 100

105
(2015-16 prices)
(2015-16 prices)
0.5
0.0
100
-0.5 Tasmania Tasmania
Australia Australia
-1.0 95
Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18 Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18
SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL INCOME, EXPENDITURE AND PRODUCT , ABS CAT NO 5206.0: SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL INCOME, EXPENDITURE AND PRODUCT , ABS CAT NO 5206.0:
TABLES 2, 21 TABLES 2, 21
4. Household final consumption expenditure , real trend data 5. Private new capital expenditure, real trend data
115 120
Tasmania

Australia
110
(2015-16 prices)
(2015-16 prices)
100
105
80
100
Tasmania
Australia
95 60
SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL INCOME, EXPENDITURE AND PRODUCT , ABS CAT NO 5206.0: SOURCE: PRIVATE NEW CAPITAL EXPENDITURE , ABS CAT NO 5625.0: TABLEt5C
TABLES 2, 27
6. Private gross fixed capital formation, real trend data 7. Business investment, real trend data
110 110
Tasmania
Australia
100
(2015-16 prices)
(2015-16 prices)
100
90
90
80
Tasmania
Australia
80 70
SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL INCOME, EXPENDITURE AND PRODUCT, ABS CAT NO 5206.0: SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL INCOME, EXPENDITURE AND PRODUCT , ABS CAT NO 5206.0:
8. Dwelling investment, real trend data 9. Public consumption and investment, real trend data
140 120
(2015-16 prices)
(2015-16 prices)
120 110
Tasmania
Australia
100 100
Tasmania
Australia
80 90
SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL INCOME, EXPENDITURE AND PRODUCT , ABS CAT NO 5206.0: SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: NATIONAL INCOME, EXPENDITURE AND PRODUCT , ABS CAT NO 5206.0:
10. Gross state/domestic product, real data 11. Population growth, original data
3.0 2.0
Tasmania
corresponding quarter of
Australia
1.5
2.0
(2015-16 prices)
Tasmania
% change from
previous year
1.0
% change
Australia
1.0
0.5
0.0 0.0
Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18
-1.0 -0.5
2012-13 2013-14 2014-15 2015-16 2016-17
SOURCE: AUSTRALIAN NATIONAL ACCOUNTS: STATE ACCOUNTS , ABS CAT NO 5220.0: TABLE 1 SOURCE: AUSTRALIAN DEMOGRAPHIC STATISTICS , ABS CAT NO 3101.0: TABLE 4
12. Employment level, trend data 13. Labour force participation rate, trend data
110 66
% of working age population

64
105
Tasmania
62 Australia
100
60
Tasmania
Australia
95 58
SOURCE: LABOUR FORCE AUSTRALIA , ABS CAT NO 6202.0: TABLE 12 SOURCE: LABOUR FORCE AUSTRALIA , ABS CAT NO 6202.0: TABLE 12
14. Full-time, part-time and total employment in Tasmania, 15. Aggregate weekly hours worked, original data
trend data
110 115
Total
Part-time
Index: 2011-12 = 100
105 110
Full-Time
100 105
95 100 Tasmania
Australia
90 95
SOURCE: LABOUR FORCE AUSTRALIA , ABS CAT NO 6202.0: TABLE 12 SOURCE: LABOUR FORCE AUSTRALIA: DETAILED , ABS CAT NO 6291.0.55.001: EM1B
16. Unemployment levels in Tasmania, original data 17. Unemployment rate, trend data
25 9.0
Recipients of Jobsearch and Newstart allowances
Tasmania
ABS number of unemployed
8.0 Australia
% of labour force
20
Persons ('000)
7.0
15
6.0
10 5.0
SOURCE: LABOUR FORCE AUSTRALIA , ABS CAT NO 6202.0: TABLE 12; LABOUR MARKET AND RELATED PAYMENTS , SOURCE: LABOUR FORCE AUSTRALIA , ABS CAT NO 6202.0: TABLE 12
DEPARTMENT OF SOCIAL SERVICES: TABLE 5
18. Unemployment rate by region, original data 19. Department of Employment internet vacancy index , trend data
10.0 90
12-month moving average

80
% of labour force,
8.0
70
Tasmania
60 Australia
6.0 Hobart and South East
Launceston and North East 50
West and North West
4.0 40
SOURCE: LABOUR FORCE AUSTRALIA: DETAILED , ABS CAT NO 6291.0.55.001: TABLE 16 SOURCE: VACANCY REPORT, DEPARTMENT OF EMPLOYMENT
20. Wage price index, all earnings excluding bonuses, original data 21. Private sector wage growth, original data
4.0 4.0
Total Tasmania
Year-average % change
3.5 Private 3.5 Australia
Public
3.0 3.0
2.5 2.5
2.0 2.0
1.5 1.5
SOURCE: WAGE PRICE INDEX, ABS CAT NO 6345.0: TABLE 2B SOURCE: WAGE PRICE INDEX, ABS CAT NO 6345.0: TABLE 3B
22. Public sector wage growth, original data 23. Retail trade, nominal trend data
4.0 130
Tasmania
3.5 Australia
120
3.0
110
2.5
100 Tasmania
2.0 Australia
1.5 90
SOURCE: WAGE PRICE INDEX, ABS CAT NO 6345.0: TABLE 4B SOURCE: RETAIL TRADE AUSTRALIA, ABS CAT NO 8501.0: TABLE 3
24. New motor vehicle sales (number), trend data 25. Consumer price index, original data
140 4.0 Hobart
% change from corresponding
quarter of previous year
130 Eight capital cities

3.0 weighted average
120
2.0
110
100 Tasmania 1.0

Australia
90
0.0
SOURCE: NEW MOTOR VEHICLE SALES AUSTRALIA, ABS CAT NO 9314.0: TABLE 2 SOURCE: CONSUMER PRICE INDEX , ABS CAT NO 6401.0: TABLE 1
26. Australian interest rates, original data 27. REIT housing affordability
5.0 35
Official Cash Rate
90 day Bank Bills
% of income devoted to
average repayments
4.0 10 year Treasury Bonds
30
Per cent
3.0 Tasmania
Australia
25
2.0
1.0 20
SOURCE: BULLETIN, RBA SOURCE: QUARTERLY PROPERTY REPORT, REIT (Portion of family income devoted to meeting average loan repayments)
28. Secured housing finance commitments (number), trend 29. Residential building approvals (number), trend data
data
140 160
Number of commitments,

130
140
120
120
110
100
100 Tasmania Tasmania
Australia Australia
90 80
SOURCE: HOUSING FINANCE, ABS CAT NO 5609.0: TABLE 5 SOURCE: BUILDING APPROVALS, ABS CAT NO 8731.0: TABLES 6, 7
30. Building approvals in Tasmania (value), real original data 31. International exports (value), nominal original data
120
600
Total Non-residential
500 110
Total Residential
Index: 2011-12 = 100
(2015-16 prices)
400 100
$ million
300
90
200
80 Tasmania
100 Australia
0 70
SOURCE: BUILDING APPROVALS, ABS CAT NO 8731.0: TABLES 42, 48 (Note: Chain volume measures are released quarterly in SOURCE: INTERNATIONAL TRADE IN GOODS AND SERVICES, ABS CAT NO 5368.0: TABLE 15A
the April, July, October and January issues. Therefore, real original data for building approvals in Tasmania will be updated
following the January 2018 issue, to be released on 5 March 2018)
32. Tourism visitors by type 33. Average expenditure of visitors by type

200 2 000
Average Expenditure ($)
175
Index June 2012 = 100
Visitors to Tasmania
1 800
150
1 600
125
Total Total
1 400
100 Interstate Interstate
International International
75 1 200
SOURCE: TOURISM TASMANIA SNAPSHOT, TOURISM TASMANIA, TABLES 2, 5 (Note: 'Interstate' and 'Total' data are SOURCE: TOURISM TASMANIA SNAPSHOT, TOURISM TASMANIA, TABLES 2, 5 (Note: 'Interstate' and 'Total' data are
from the Tasmanian Visitor Survey while 'International' data are from the International Visitor Survey. These surveys should from the Tasmanian Visitor Survey while 'International' data are from the International Visitor Survey. These surveys should
be considered independantly - they are based on differant samples and methods, and are not additive.) be considered independantly - they are based on differant samples and methods, and the underlying data are not additive.)
Contact Details
Economic Analysis Unit
Economic.Analysis@treasury.tas.gov.au

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Department of Treasury and Finance

Summary of Economic Statistics

Economic Policy Branch

1. Australian States Economic Comparison

STATE FINAL DEMAND (REAL)

GROSS STATE PRODUCT (REAL)

AGGREGATE WEEKLY HOURS WORKED

RETAIL SALES (REAL)

NEW CAR SALES

NUMBER OF DWELLING UNITS APPROVED

PRIVATE GROSS FIXED CAPITAL FORMATION

AVERAGE WEEKLY ORDINARY TIME EARNINGS

OVERSEAS MERCHANDISE EXPORTS

CONSUMER PRICE INDEX

† Trend Series: percentage change - point to point.

Index: June 2012 = 100

Index: June 2012 = 100

% of working age population

Index: June 2006 = 100

quarter of previous year

130 Eight capital cities

100 Tasmania 1.0

Index: June 2012 = 100

32. Tourism visitors by type 33. Average expenditure of visitors by type

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