[First filed: Oct 2, 2010 @ 9:18]
“Measuring Our Progress” has found some more progress to celebrate this time it’s a sharp uptick in State Final Demand per capita.
The latest available data indicates that seasonally adjusted SFD in the ACT increased by 5 per cent in the June quarter 2010, predominantly reflecting a positive contribution from public investment (2.6 percentage points). Positive contributions to SFT were also made by private investment (1.2 percentage points), private consumption (0.6 percentage points), and public consumption (0.5 percentage points).
Seasonally adjusted SFD growth over the past 24 years averaged approximately 4.9 per cent per annum in real terms, reflecting average growth in household consumption of around 3.6 per cent, private investment of around 5.1 per cent, public investment of around 12.2 per cent and government consumption of around 5.4 per cent.
There’s certainly a lot of money sloshing around.