Country Report Australia October 1996 Main report

Quarterly indicators of economic activity.

Quarterly indicators of economic activity 1993/94 4 Qtr Apr-Jun Qtrly totals GDP(a) A$ m 101,832 Production: agriculture Qtrly totals Wool(b) '000 tons 120.1 Meat " 704.8 Production: industry Monthly av Manufacturing© 1989/90=100 113.1 Production: mining Coal '000 tons 18,997 Construction Building approvals A$ m 2,458 Employment Civilian employees(d) '000 7,859 Unemployed " 857.4 Reg unfilled vacancies(f) " 49.4 Retail trade Value(g) A$ m 8,813 Wages & prices Weekly av Average weekly earnings: persons A$ 531.8 Monthly av Consumer prices: 1990=100 107.8 change year on year % 1.8 Share prices: ordinary 31.12.1979=500 2,060 Money End-Qtr M1, seasonally adj: A$ bn 73.97 change year on year % 14.9 Short-term money Market rate(i) % per year 4.69 Foreign trade & payments Qtrly totals Exports fob: merchandise A$ m 16,381 Imports fob: merchandise " 16,008 Monthly av Terms of trade 1990=100 81 Current-account balance A$ m -1,949 Exchange holdings End-Qtr Reserve Bank: gold(k) $ m 2,261 foreign exchange " 11,361 Exchange rate Market rate A$:$ 1.37 1994/95 1 Qtr 2 Qtr 3 Qtr 4 Qtr Jul-Sep Oct-Dec Jan-Mar Apr-Jun Qtrly totals GDP(a) A$ m 102,976 103,841 103,336 104,415 Production: agriculture Qtrly totals Wool(b) '000 tons 241.3 202.6 140.4 94.8 Meat " 708.9 715.3 636.9 670.3 Production: industry Monthly av Manufacturing© 1989/90=100 115.0 115.5 114.7 113.5 Production: mining Coal '000 tons 20,731 19,511 20,081 19,898 Construction Building approvals A$ m 2,493 2,259 2,051 2,383 Employment Civilian employees(d) '000 7,972 8,033 8,129 8,238 Unemployed " 810.9 775.0 851.9 740.5 Reg unfilled vacancies(f) " 68.7 66.0 57.2 53.7 Retail trade Value(g) A$ m 9,161 9,246 9,392 9,628 Wages & prices Weekly av Average weekly earnings: persons A$ 537.2 541.5 548.2 548.1 Monthly av Consumer prices: 1990=100 108.5 109.3 111.2 112.6 change year on year % 2.0 2.5 3.9 4.5 Share prices: 31.12.1979=500 2,050 1,947 1,875 2,013 ordinary Money End-Qtr M1, seasonally adj: A$ bn 74.77 76.44 75.92 75.88 change year on year % 15.9 11.1 5.0 2.6 Short-term money Market rate(i) % per year 5.44 6.95 7.44 7.44 Foreign trade & payments Qtrly totals Exports fob: merchandise A$ m 16,074 17,082 16,292 17,603 Imports fob: merchandise " 18,447 18,529 18,424 19,219 Monthly av Terms of trade 1990=100 82 82 86 85 Current-account balance A$ m -2,722 -2,144 -2,213 -2,117 Exchange holdings End-Qtr Reserve Bank: gold(k) $ m 2,287 2,280 2,245 2,298 foreign exchange " 11,285 10,706 11,753 10,643 Exchange rate Market rate A$:$ 1.35 1.29 1.37 1.41 1995/96 1 Qtr 2 Qtr 3 Qtr 4 Qtr Jul-Sep Oct-Dec Jan-Mar Apr-Jun Qtrly totals GDP(a) A$ m 107,010 106,764 109,083 109,306 Production: agriculture Qtrly totals Wool(b) '000 tons 187.7 192.9 148.7 111.9 Meat " 653.6 654.4 650.2 632.5 Production: industry Monthly av Manufacturing© 1989/90=100 114.6 114.9 118.2 n/a Production: mining Coal '000 tons 21,526 19,426 n/a n/a Construction Building approvals A$ m 2,190 2,056 1,955 2,173 Employment Civilian employees(d) '000 8,266 8,304 8,313 8,317 Unemployed " 731.6 741.4 833.1 760.6 Reg unfilled vacancies(f) " 62.0 56.1 63.9 53.6 Retail trade Value(g) A$ m 9,884 9,979 10,160 10,161 Wages & prices Weekly av Average weekly earnings: persons A$ 547.8 554.3 562.6 564.4 Monthly av Consumer prices: 1990=100 114.0 114.9 115.3 116.1 change year on year % 5.1 5.1 3.7 3.1 Share prices: ordinary 31.12.1979=500 2,119 2,140 2,260 2,255 Money End-Qtr M1, seasonally adj: A$ bn 77.12 81.25 84.29 86.34(h) change year on year % 3.1 6.3 11.0 n/a Short-term money Market rate(i) % per year 7.44 7.43 7.42 7.17 Foreign trade & payments Qtrly totals Exports fob: merchandise A$ m 18,670 19,077 18,918 19,286 Imports fob: merchandise " 19,987 19,839 19,014 18,994 Monthly av Terms of trade 1990=100 85 85 86 86(j) Current-account balance A$ m -2,170 -1,848 -1,146 -1,680 Exchange holdings End-Qtr Reserve Bank: gold(k) $ m 2,278 2,284 2,372 2,311 foreign exchange " 10,485 11,340 10,303 11,489 Exchange rate Market rate A$:$ 1.32 1.34 1.28 1.27 1996/97 1 Qtr Jul-Sep Qtrly totals GDP(a) A$ m n/a Production: agriculture Qtrly totals Wool(b) '000 tons n/a Meat " n/a Production: industry Monthly av Manufacturing© 1989/90=100 n/a Production: mining Coal '000 tons n/a Construction Building approvals A$ m n/a Employment Civilian employees(d) '000 8,343(e) Unemployed " 731.6(e) Reg unfilled vacancies(f) " n/a Retail trade Value(g) A$ m n/a Wages & prices Weekly av Average weekly earnings: persons A$ n/a Monthly av Consumer prices: 1990=100 n/a change year on year % n/a Share prices: ordinary 31.12.1979=500 2,168(e) Money End-Qtr M1, seasonally adj: A$ bn n/a change year on year % n/a Short-term money Market rate(i) % per year n/a Foreign trade & payments Qtrly totals Exports fob: merchandise A$ m n/a Imports fob: merchandise " n/a Monthly av Terms of trade 1990=100 n/a Current-account balance A$ m n/a Exchange holdings End-Qtr Reserve Bank: gold(k) $ m 2,273(l) foreign exchange " 15,485(l) Exchange rate Market rate A$:$ 1,29(l) Note. Annual figures of most of the series above will be found in the Country Profile. (a) Seasonally adjusted. Expenditure-based, constant 1989/90 prices. (b) Taxable wool received by brokers and dealers from wool producers. © Seasonally adjusted. (d) Seasonally adjusted, including rural and domestic. (e) July only. (f) Figures for mid-month of quarter based on ABS register of businesses. (g) Seasonally adjusted, excluding motor vehicles, parts, petrol etc. (h) End-May. (i) Weighted average of four or five weeks to last Wednesday of quarter. (j) Average for April-May. (k) End-quarter holdings at quarter's average of London daily price less 25%. (l) End-July.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
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