SunshineCoastRegionalReport2ndQtr2004

QUEENSLAND OVERVIEW
SUMMARY OF STATISTICAL INDICATORS


OVERVIEW

Queensland’s strong economic growth continued into the March Quarter 2004 and final demand expanded
by 10.0% in annual terms, outpacing Australian final demand growth of 5.6%. Private consumption was the
 major contributor to growth over the quarter, with strong growth recorded in both new motor vehicle sales
 and retail trade. Business investment also contributed strongly to GSP growth in Queensland, as evidenced
    by the expansion in the number of non-residential building approvals. Net exports had a significant
 negative impact on GSP growth, with a decline in export levels and strong growth in imports over the year.

SUMMARY OF STATISTICAL INDICATORS

                                                             Summary of Statistical Indicators
 Indicator                                           Reference Period                      Queensland                                   Australia
                                                                                     % chg from a year earlier                   % chg from a year earlier
 Gross State/Domestic Product(b)
 Household Final Consumption Expenditure                   Mar Q 04                                12.1                                         6.2
 Private Gross Fixed Capital Formation                     Mar Q 04                                12.4                                         7.8
 Public Final Demand                                       Mar Q 04                                 1.6                                         2.0
 Exports                                                   Mar Q 04                                -1.6                                         2.4
 Imports                                                   Mar Q 04                                17.4                                        15.2
 State / National Final Demand                             Mar Q 04                                10.0                                         5.6
 Gross State (Domestic) Product                            Mar Q 04                                 3.7                                        3.7
 Consumption
 Retail Trade (c)                                           Jun 04                                 11.2                                        7.9
 New Motor Vehicle Sales                                    Jun 04                                 13.2                                        2.5

 Housing
 Dwelling Approvals (No.)                                   Jun 04                                 -5.5                                        -0.4
 Dwelling Commence (No.)                                   Mar Q 04                                23.9                                         8.3

 Business
 Non-residential Building Approvals                        Mar Q 04                                13.5                                       -12.8
 Eng. Const. Commence                                      Mar Q 04                                17.0                                        39.1
 New Equipment                                             Mar Q 04                                -6.0                                        -6.0

 Demography
 Population                                                Dec Q 03                                2.3                                         1.3

 Labour Market
 Employment                                                 Jun 04                                  4.1                                         2.4
 Unemployment Rate(d)                                       Jun 04                                 5.9                                         5.5
 Labour Force                                               Jun 04                                 2.9                                         1.8
 DEWRSB Skilled Job Vacs                                    Jun 04                                 22.1                                        11.8
 ANZ Bank Job Vacancies                                     Jun 04                                 20.7                                        6.9

 Wages and Prices
 Average Weekly Ordinary Time Earnings                       Mar Q 04                               7.2                                         4.9
 CPI                                                          Jun Q 04                              3.2                                         2.5
Notes: (a) All data is in trend terms unless otherwise indicated (b) Trend chain volume measures (c) Seasonally adjusted terms (d) Point change.
Source: Various, QSA, ABS, DEWSRB, ANZ, ABS 5206.0.




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                -6-