Economic and Market Overview – March 2017


  • Nationally, the Consumer Price Index (CPI) rose 0.3% in the March quarter 2017, following a
    rise of 0.5% per cent in the December quarter 2016. This represented a 1.8% rise over the twelve
    months to the March quarter 2017, compared with a rise of 1.3% over the twelve months to the
    December quarter 2016. Locally, Brisbane recorded the third-highest increase in annual terms
    reaching 110.5 whilst Melbourne recorded the largest increase for all capital cities in Australia.
  • The Board decided to leave the cash rate unchanged at 1.5 per cent.
  • Queensland’s state final demand (SFD) rose by 0.5% in trend terms in the December quarter 2016,
    with SFD 1.6% higher than a year earlier.
  • Household consumption (trend) rose 0.7% in December quarter 2016, to be 2.2% higher over the
  • The trend value of Queensland’s retail turnover increased by 3.9% over the previous 12 months,
    from $5,009.1 million in December 2015.
  • Queensland recorded the second-highest annual growth in retail turnover of all states and
    territories (3.9%). The Australian Capital Territory recorded the highest increase (4.7%).