There have been positive signs of growth in the local economy with a rebound in dwelling approvals, house prices and employment.
Recent economic data in the April 2010 issue of the Macarthur Economic Profile show that:
- The number and value of dwelling approvals rose by 6.1 per cent and 3.3 per cent in the December 2009 quarter.
- The number of people employed in the December quarter rose by 1.2 per cent to 119,588.
- The rate of unemployment fell by 0.1 percentage point to 7.8 per cent in the December 2009 quarter.
- Median house prices in the September 2009 quarter grew in the Macarthur region in the order of 0.7 per cent to 5.5 per cent.
MACROC President, Cr Anoulack Chanthivong said that the economic stimulus packages by the Federal Government has greatly influenced the better than expected economic results in our region. This has buoyed up the demand for goods and services, thereby minimising the scale of retrenchments in industry,” Cr Chanthivong said.
MACROC publishes the Macarthur Economic Profile to keep businesses and residents informed of current economic conditions and emerging trends in the Macarthur region. The document can be downloaded from the MACROC website at www.macroc.nsw.gov.au.
Cr Anoulack Chanthivong
Mobile: 0412 413 377
Note: If you are on a slow connection or would like to download the catalogue for offline viewing, “right click” your mouse button and select “Save target as”. This will allow to to choose a location on your computer for the download.
This document requires Adobe Acrobate Reader version 5 or greater. Adobe Acrobat Reader is a free product from Adobe Systems Inc. and can be downloaded here.