Feeds

Australian IT imports plunge

Second-lowest spend since 2005

The essential guide to IT transformation

That grumbling you hear in channel-land and retail-land about no-one buying IT right now?

New data shows it is justified, as Australia imported just $569m of what the Australian Bureau of Statistics calls “Office machines and automatic data processing machines” in February 2012.

That’s a big fall compared to January, when imports reached $678m. December 2011 clocked up $750m and November 2011 saw $872m of goods in that category cross our borders.

February is seldom a good month for imports in the International Merchandise Imports series, which goes back to January 1988. But to get an idea of how sharp February’s fall was, the last month with a five in front of its import numbers was February 2011’s $564m. But before that you need to go back to February 2009 to find another $500m month ($581m to be precise) and before that to February 2005 when the ABS counted $572m of goods in this category.

The January-to-February fall for 2012 is also far larger – at $109m – than the fall between the two months going back to January 1988.

It's hard to account for the fall. Numerous surveys point to slowly growing business confidence and greater profit expectations, fuelled in part by a colossal investment pipeline in the resources sector. Others suggest consumers are keeping their wallets and purses shut, preferring to save rather than shop. We'll keep an eye on next month's release of this data to offer more longitudinal reporting. ®

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.