South Australian State Product slowed in 2011, but has increased again, showing +2.3% in the year to March 2012. However, this is still well below the Australian average of +4.3%. SA growth in the last quarter was +1.7% suggesting an improving trend. However, future growth is tied to the commencement, or not, of the Olympic Dam mining project, which is looking doubtful at this time.
See the full report below.