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THE LABOUR FORCE
The trend estimate of the number of unemployed persons in Tasmania for February 2004 was 15,500 compared to 20,000 in February 2003. The trend estimate of the unemployment rate for February 2004 was 6.9%, a decrease from the February 2003 figure of 9.0%. The Australian trend estimate of the unemployment rate was 5.8% in February 2004 compared to 6.2% in February 2003 - see Labour Force, Australia (cat. no. 6202.0).
In trend terms, the number of housing finance commitments in Tasmania for January 2004 was 1,133, a decrease of 4.1% from the previous month. In the same period, the trend estimate for Australia decreased by 2.3%.
The Tasmanian trend estimate increased by 2.3% between January 2003 and January 2004, while the national trend estimate increased by 7.7%. The increases in the number of housing finance commitments over the same period for the other states and territories were New South Wales (8.0%), Victoria (3.1%), Queensland (8.1%), South Australia (11.0%), Western Australia (16.6%), Northern Territory (29.2%). The only state or territory to record a decrease was the Australian Capital Territory (14.8%) - see Housing Finance for Owner Occupation, Australia (cat. no. 5609.0).
HOUSING FINANCE TASMANIA, Number of dwellings
HOUSING FINANCE AUSTRALIA, Number of dwellings
There were 198 dwelling units approved in Tasmania during January 2004, including 176 new houses. This compares to 229 dwelling units approved during December 2003, including 200 new houses. The number of dwelling units approved in January 2004 increased by 39.4% from the 142 approvals recorded in January 2003.
At current prices, the value of total building approved in Tasmania was $45.9m in January 2004, which was 17.2% below the December 2003 figure of $55.4m and 4.6% below the January 2003 figure of $48.1m. Residential building contributed $33.0m and non-residential building $12.9m in January 2004 - see Building Approvals, Australia (cat. no. 8731.0).
In trend terms, the estimate of retail turnover in Australia for January 2004 was $15,809.5m, an 8.8% increase from the January 2003 estimate of $14,530.9m. In trend terms, the estimate of retail turnover in Tasmania for January 2004 was $337.1m, a 13.0% increase from the January 2003 estimate of $298.3m - see Retail Trade, Australia (cat. no. 8501.0).
SALES OF NEW MOTOR VEHICLES
In trend terms, there were 1,533 new motor vehicles sold in Tasmania in January 2004, compared to 1,580 sold in December 2003. The number of new motor vehicles sold in January 2004 increased by 20.1% from the January 2003 figure of 1,276. Passenger vehicles represented 58.8% of all new vehicles sold in Tasmania in January 2004. Nationally, the trend estimate of new motor vehicles sold in January 2004 was 76,437, an increase of 6.4% from the January 2003 figure of 71,871 - see Sales of New Motor Vehicles, Australia (Electronic Publication) (cat. no. 9314.0).
In original terms, the estimate of total capital expenditure at current prices for Australia in the December quarter 2003 was $13,778m, an 8.0% increase from the September quarter estimate of $12,755m. In original terms, the estimate of total capital expenditure at current prices for Tasmania in the December quarter 2003 was $159m, a 0.6% decrease from the September quarter estimate of $160m.
For Tasmania, the estimate for expenditure on buildings and structures increased by 17.6% from the September quarter to the December quarter 2003, and the estimate for expenditure on equipment, plant and machinery decreased by 2.8%. The estimates of expenditure by the mining industry increased from $5m to $9m, and expenditure by the manufacturing industry and other selected industries each decreased in the December quarter 2003 - see Private New Capital Expenditure and Expected Expenditure (cat. no. 5625.0).
In January 2004, monthly movements of trend estimates showed only slight change in the three livestock slaughtering series: cattle and calves rose by 2.1%; sheep and lambs fell by 1.2%; and pigs fell by 0.4%.
The trend estimate for the number of cattle and calves slaughtered in January 2004 was 25,400, up by 12.9% on the estimate for January 2003 and up by 68.6% on the estimate for January 2002.
The trend estimate for the number of sheep and lambs slaughtered in January 2004 was 68,800, up by 10.5% on the estimate for January 2003 and up by 38.3% on the estimate for January 2002.
The trend estimate for the number of pigs slaughtered in January 2004 was 3,900, down by 7.5% on the estimate for January 2003 and down by 9.7% on the estimate for January 2002.
The value of Tasmania's exports for the month of January 2004 was $168m, an increase of 8% on the month of December 2003. Australia's exports for January 2004 totalled $7,902m.
Tasmania's major export destinations for the month of January 2004 were Japan ($44.2m), Korea ($23.5m) and Hong Kong ($17.8m). Major commodity groups exported for the month were non-ferrous metals ($50.1m), fish, crustaceans and molluscs ($10.9m) and metallic ores and metal scrap ($8.9m).
CONSUMER PRICE INDEX
The Consumer Price Index (All groups) for Hobart increased by 0.6% in the December quarter of 2003. Sydney recorded the largest increase (0.8%) while Melbourne recorded the lowest (0.2%). The weighted average of the eight capital cities increased by 0.5%.
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