Aussie GDP misses again

Hoocoodanode?

September key figures

Seasonally adjusted, percentage change (a)

Jun 18 to
Sep 18
Sep 18 to
Dec 18
Dec 18 to
Mar 19
Mar 19 to
Jun 19
Jun 19 to
Sep 19
Sep 18 to
Sep 19

Chain volume GDP and related measures (b)
GDP
0.3
0.2
0.5
0.6
0.4
1.7
GDP per capita (c)
-0.1
-0.2
0.1
0.3
0.2
Gross value added market sector (d)
-0.3
-0.1
0.6
0.5
0.2
1.2
Real net national disposable income
0.3
1.1
1.2
1.5
0.9
4.8
Productivity
GDP per hour worked
-0.3
-0.3
0.6
-0.2
-0.2
Real unit labour costs
0.1
0.1
-0.7
0.2
0.1
-0.4
Prices
GDP chain price index (original)
0.7
1.2
1.2
1.1
0.7
4.3
Terms of trade
0.8
2.5
3.3
1.4
0.4
7.8
Current price measures
GDP
1.1
1.2
1.6
1.5
1.1
5.5
Household saving ratio
2.8
3.1
3.4
2.7
4.8
na

na not available
(a) Change on preceding quarter, except for the last column which shows the change between the current quarter and the corresponding quarter of the previous year. Excludes Household saving ratio.
(b) Reference year for chain volume measures and real income measures is 2017-18.
(c) Population estimates are as published in the Australian Demographic Statistics (cat. no. 3101.0) and ABS projections.
(d) ANZSIC divisions A to N, R and S. See Glossary – Market sector.

GDP rubbish at 0.4% on the QTR and 1.7% annual. Per capita donut. Productivity falling.

Recessionberg!

Much more to come.

David Llewellyn-Smith
Latest posts by David Llewellyn-Smith (see all)

Comments

  1. SnappedUpSavvyMEMBER

    GDP per capita, lol, the people that built and paid for the country don’t deserve it anyway

  2. You see, I think I can spot the problem here – we just aren’t cramming in enough migrants. Or maybe it’s that we’ve plucked the low hanging fruit (the wealthy ones) and now it’s just the penniless dross streaming in.

    Which means we may have to quadruple the intake to get GDP back to the glorious 3% threshold. Come on Scummo, shake a leg!

  3. It’s hard to grow an economy in a country that’s literally on fire, running out of water, lost its manufacturing and loosing its agriculture. There is something wrong with a society that is obsessed about house prices and can’t stop talking about it as their eyes are sore red and coughing from fire smoke.

    • DPM I agree with you
      We need to help country folk more than house price insanity
      It’s getting really boring
      After prices fall hopefully it shuts them up

    • Quiet Australians don’t say that kind of thing. You should try having a go, then you’ll get a go, and your house will rise in value, and you’ll feel more Australian, and be quiet.

    • You need to go and visit the closest faith healer. Is there a Ray White near you?

      Edit: What am I saying, of course there is one near. Higher numbers than Domino’s outlets……

      • I have 10 real-estate offices in a 50m radius near where i live. 3 of them are right next to each other in a row. Sprinkled in-between them are 5 different banks and 5 different fitness centers. You can get buff, take out a mortgage and buy a house with all that choice in a 50m strip