july 2003 territory economic review www nt gov au ntt overview sfd falling state final demand that is consumption and investment was at a highpoint in the s volatile cycle 2001 02 driven by railway offshore component of bayu undan stage one as for these projects continues to wind down headline will weaken through before activity two initial phase which began late june leads strong recovery expenditure 04 forecast growth 1 2 per cent but measure misleading useful onshore while less so particularly when national scale are undertaken large often wash data annual movements small jurisdiction such about 100 times smaller than economy not meaningful terms impacts this because includes value work done outside subsequently netted out imports goods physically transferred examples include