September 2024 Quarterly Economic Monitor (QEM) has been updated

Overview of economic trends  

The economy remains in the thick of it, with tough operating conditions in the September quarter according to Infometrics’ latest monitoring of regional economies. Despite falling interest rates, business conditions are difficult at present, with rising unemployment limiting spending and investment by households and businesses alike.  

Provisional estimates from the September 2024 Infometrics Quarterly Economic Monitor show a flat level in economic activity in the September 2024 quarter compared to a year ago, with economic activity over the 12 months to September 2024 also unchanged from the prior year.  

New environmental indicator 

We have added a new indicator which measures total greenhouse gas emissions. It is based on Infometrics estimates of greenhouse gas emissions by industry and territorial authority. Further in-depth environmental indicators, including industry emission intensity, air quality, freshwater quality, swimmability, and land cover, are available in the Infometrics Regional Economic Profile.

Revision to unemployment by territorial authority 

Census provides us with a five-yearly benchmark for unemployment by territorial authority. Following the publication of 2023 Census data we have revised our unemployment estimates back to 2018. 

Traffic flow data is back

We have again been able to source traffic flow data and have added it back with the September 2024 quarter update.