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Household spending contributed positively, according to the ABS. Photo: Attila Csaszar

WA economy continues to shrink ahead of state budget

Western Australia’s economy shrunk by 0.3 per cent in the June quarter, excluding international trade, according to the latest data from the Australian Bureau of Statistics, while GDP grew 0.8 per cent nationally.

Measured by state final demand, which includes government spending, consumption and investment, the state’s economy was 4.3 per cent smaller in the June quarter than the same period in 2016, in seasonally adjusted terms.

State final demand was $48.4 billion in the quarter, bringing the total to $244.8 billion for the financial year.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
220thFortescue Metals Group30%15%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/08/17
$510k Bought
20/04/17
$52k Bought
03/11/16
$6.9m Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Fortescue Metals Group$10,999.7m
490 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
662ndMark Barnaba$223k
780thSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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