march quarter 2004 economic summary western australian released 31 may department of treasury and finance 1 contents page executive 2 i the economy 3 overview conditions household consumption 6 business investment 16 external 22 labour market 34 prices incomes interest rates 39 international outlook 42 05 state budget 45 glossary 52 revenue policy 53 all figures are quoted in real seasonally adjusted terms unless otherwise stated data used this publication was current as at 28 april 2003 australia s domestic grew its fastest pace five years 8 underpinned by an boom resources sector buoyant consumer spending while growth demand cooled towards end year prospects for remain very bright with exports set to rise significantly new production capacity comes on stream private main contributor december also strong over driven
