Economic and Market Overview – November 2015


  • Nationally, the Consumer Price Index (CPI) rose 0.5% to 108.0 in the September quarter 2015, following a rise of 0.7% per cent in the June quarter 2015. Locally, Brisbane recorded the second-highest increase reaching 108.1 while Sydney recorded the largest increase for all capital cities in Australia.  The Board decided to leave the cash rate unchanged at 2.0 per cent.
  • Trend employment in Queensland rose by 4,000 persons (up 0.2%) in September 2015. This was the tenth consecutive monthly rise in employment.  Nationally, trend employment rose by 12,400 persons (up 0.1%) in September 2015, to be 2.0% higher over the year.
  • The trend estimate for total dwelling units approved in Queensland in September 2015 was 3,741, 0.3% higher than the August 2015 figure. The national trend estimate for total dwelling approvals increased 1.8% during the month.  The trend value of non-residential buildings approved in Queensland in September 2015 was $463.0 million, a decrease of 2.4% over the month.
  • Queensland recorded the fifth-highest annual growth in retail turnover of all states and territories (2.6%). Victoria recorded the highest increase (4.6%).