ECONOMIC INDICATORS – WESTERN AUSTRALIA

Woodside blasts Rio’s call on wage rise

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Original article by Peter Ker, Julie-anne Sprague
The Australian Financial Review – Page: 3 : 31-Aug-18

Woodside Petroleum CEO Peter Coleman contends that recent comments by Rio Tinto CEO Jean-Sebastien Jacques about rising labour costs in Western Australia’s Pilbara region have alarmed investors. Coleman says he can see no signs that "cost inflation" is rampant in the region, while BHP Billiton CEO Andrew Mackenzie said that while there were indications of inflation in the Pilbara, he was not "fazed" by it. Coleman says any talk that the new investments in the region can be likened to the previous mining boom are way off the mark.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP

Confidence rises as WA turns corner

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Original article by Aaron Patrick
The Australian Financial Review – Page: 4 : 15-Jan-18

Western Australian Treasurer Ben Wyatt is upbeat about the outlook for the state economy, after it was hit hard by the downturn in the mining industry. The Chamber of Commerce & Industry has released the findings of a survey which shows that 76 per cent of WA residents expect the economy to improve or remain unchanged during the next quarter, compared with just five per cent three months ago. Meanwhile, labour shortages are forcing some mining companies to recruit workers from Queensland.

CORPORATES
WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, CHAMBER OF COMMERCE AND INDUSTRY OF WESTERN AUSTRALIA (INCORPORATED), RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, LIBERAL PARTY OF WESTERN AUSTRALIA, AUSTRALIAN LABOR PARTY, CORELOGIC AUSTRALIA PTY LTD

Eastern exodus as job mine runs dry

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Original article by Victoria Laurie
The Australian – Page: 4 : 27-Sep-17

The downturn in Western Australia’s resources boom has prompted a growing number of people to move interstate, reversing the internal migration trend that boosted the state’s population at the peak of the boom. Data from the Bankwest Curtin Economics Centre shows that just 7,700 people moved to WA in 2016, while 11,300 left the state. Rebecca Cassells of Curtin University notes that the number of people moving to WA has traditionally been closely aligned with the iron ore price, but this is no longer so despite the recent rebound in the price of the steel input.

CORPORATES
CURTIN UNIVERSITY OF TECHNOLOGY. BANKWEST CURTIN ECONOMICS CENTRE

Education growing as place for jobs

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Original article by Shane Wright
The West Australian – Page: 20 : 19-Sep-14

The Australian employment market is changing. In the three months to August 2014, for the first time there were more people employed in education and training than manufacturing. In Western Australia (WA), education surpassed manufacturing nearly three years before. In WA, there were fewer than 96,000 people directly employed in mining, the lowest number since mid-2011. There were 152,000 retail workers, 150,000 healthcare workers and over 34,000 in the real estate sector

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Consumer confidence improving

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Original article by Shane Wright
The West Australian – Page: 8 : 4-Sep-14

There has been a one per cent increase in the number of Western Australians who anticipate an improvement in the state’s economy. Likewise, the latest consumer confidence data from the Chamber of Commerce & Industry of Western Australia shows there has been a five per cent fall in the number of people who anticipate that the economy will deteriorate. Meanwhile, state final demand declined by 0.3 per cent in the June 2014 quarter

CORPORATES
CHAMBER OF COMMERCE AND INDUSTRY OF WESTERN AUSTRALIA (INCORPORATED), AMP LIMITED – ASX AMP