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InDaily : December 8th 2011
THURSDAY 8TH DECEMBER 2011 PARTNERS BUSINESS SA’s economy going backwards KEVIN NAUGHTON: ANALYSIS IT stood out like a sore thumb – as national economic figures showed a growing economy, led by record growth in WA and substantial growth in previously struggling states of NSW and Queensland, South Australia went into reverse. South Australia’s economy contracted 1.6 per cent including a 1.5 per cent fall in public- sector spending and a 14.9 per cent drop in investment. Across the border Western Australia had the fastest ever quarterly state growth recorded by the Australian Bureau of Statistics. A surge of private-sector investment lifted West Australian growth by 8.4 per cent in the September quarter and brought its annual growth rate to 16.4 per cent. The divide between the growth performance of the resource-rich states WA, Qld... Read more Former Premier Mike Rann left his successor a contracting economy; the worst in the nation MORNING MARKET REPORT 1800 061 765 | email@example.com | www.bakeryoung.com.au Elders sell-down BANK of America has continued its sell-down of Elders shares. The group and its related entities have sold from a voting holding of 42.1 million shares (9.3 per cent of Elders) to 30 million shares (6.69 per cent). The trades have progressed since late November. Elders closed at 22 cents yesterday, half its value of six months ago. Read more British output slows BRITAIN’S industrial output slumped 0.7 per cent in October from the September level, official data showed on Wednesday, dashing market expectations and sparking concern over the health of the economy. Industrial production sank by 1.7 per cent in October on a 12-month comparison, the Office for National Statistics (ONS) also said in a statement. Read more SPONSOR OF THE DAY
December 7th 2011
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