Territory Stories

Territory economic review

Details:

Title

Territory economic review

Creator

NT Treasury, Economic Analysis Division

Collection

Territory economic review; Department of Treasury and Finance newsletters; PublicationNT; E-Journals

Date

2003-03-01

Notes

Date:2003-03; Made available via the Publications (Legal Deposit) Act 2004 (NT).; This publication contains may contain links to external sites. These external sites may no longer be active.

Language

English

Subject

Northern Territory -- Economic conditions -- Periodicals

Publisher name

Northern Territory Government

Place of publication

Darwin

File type

application/pdf

Copyright owner

Northern Territorty Government

Parent handle

https://hdl.handle.net/10070/212458

Citation address

https://hdl.handle.net/10070/716367

Page content

MARCH 2003 3 TERRITORY ECONOMIC REVIEW www.nt.gov.au/ntt/economic CONTENTS Page OVERVIEW .. 1 External risks; the $, war in Iraq; Territory consumption and investment; projects in the pipeline a boost to confidence TERRITORY SFD AND GSP TABLE OF LATEST ECONOMIC AND FINANCIAL INDICATORS .... 2 CONTENTS ... 3 Economic Indicators due for release ECONOMIC INDICATORS ..... 4 National accounts; State final demand; Retail turnover 4 New motor vehicle sales; Petrol prices; Yellow Pages business index 5 Real estate vacancy rates; Residential building approvals; Housing finance for owner-occupiers 6 Employment; unemployment; Wage cost index 7 CONSUMPTION ... 8 Large component of economic activity; weakened in 2000-01; strong recovery in 2001-02; households; defence; general government 8 retail turnover; tourism-related expenditure down in 2002; other components strengthened; motor vehicle sales; consumption growth to consolidate; but overall, positive consumption outlool 9 DWELLINGS INVESTMENT .. 10 Stimulus from incentives; stamp duty concession; stronger units approvals; supply and demand evenly balanced; housing finance; less affected by incentives; recent strengthening in commencements 10 fundamentals to drive next upswing 11 BUSINESS INVESTMENT ...... 11 High investment levels; continue; due to major projects; supported by purchase of aircraft; drop in exploration activity; local value adding 11 engineering activity further boosted; likewise, non-residential building. Small business confidence; affected by uncertainty; though some weakening in activity; and short term outlook 12 GLOSSARY ... 13 STATE AND TERRITORY COMPARATIVE INDICATORS ... 14 Economic Indicators Due for Release ABS 6202.0 Labour Force, February 2003 13 March ABS 9314.0 Sales of New Motor Vehicles, February 2003 19 March ABS 8750.0 Dwelling Commencements, December Quarter 2002 19 March ABS 3101.0 Population, September Quarter 2002 20 March AAA Petrol Prices, February 2003 ~20 March ABS 8635.0 Tourist Accommodation, December Quarter 2002 21 March ABS 8635.7.40.001 Tourist Accommodation, December Quarter 2002 21 March ABS 5368.0 International Trade in Goods and Services, February 2003 1 April ABS 8731.0 Building Approvals, February 2003 1 April ABS 8501.0 Retail Trade, February 2003 2 April ABS 6202.0 Labour Force, March 2003 10 April ABS 5609.0 Housing Finance for Owner Occupation, February 2003 11 April


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