Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Monday, 7 December 2015

Industries

Gross value added by industry

Last week I looked here at how Australia's economy or Gross Domestic Product (GDP) grew by a seasonally adjusted 2.5 per cent in the year to September 2015.

Seasonally adjusted GDP increased by 0.9 per cent in the third quarter to $411.6 billion to be 2.5 per cent higher over the year.

As shown by the chart below, manufacturing has staged something of a fightback over the past two quarters, but unfortunately gross value added by the industry in chain volume measures terms has shrunk over the past year. 


Over the year agriculture has also struggled.

Fortunately other industries were able to more than compenstae for the declines, with financial and insurance services a notable standout, contributing $141 billion or about 9 per cent of GDP.

The construction industry has also staged a fightback following four consecutive quarters of decline from March 2014, as the housing construction boom has hit its straps.