monthly economic review september 1999 http www nt gov au ntt html issn 1327 0796 1 indicators released during august show the territory economy continues to perform well although performance of some sectors is somewhat slower than nationally national current account deficit deteriorated june quarter worst level on record however australia s trade for month july shows an improvement exports have grown steadily over past twelve months while imports declined significantly balance a very healthy surplus employment levels fell marginally year unemployment in and has lowest rate any jurisdiction at just 4 0 growth average weekly earnings outstripped inflation may was this largely reflects long term change composition labour market building approvals data recent indicates slowdown residential activity response oversupply new dwellings particularly higher density housing remains
