Asian Sky Quarterly 2021Q1
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ECONOMICS<br />
AUSTRALASIA | AUSTRALIA, NEW ZEALAND<br />
Australia<br />
GDP GROWTH (BILLION USD)<br />
Although Australia’s fiscal reporting<br />
period runs slightly different to other<br />
countries, in its latest full year figures<br />
saw the economy contract by 1.1%.<br />
Australia’s economy was originally<br />
forecast to expand by 3.2% in 2021,<br />
however the IMF has since revised its<br />
forecast upwards to 4.5%.<br />
Australia<br />
$1,352<br />
$177<br />
New Zealand<br />
$1,210 $1,331<br />
$188 $203<br />
Papua New Guinea<br />
$1,432 $1,439 $1,484<br />
$205 $206<br />
$204<br />
New Zealand<br />
New Zealand’s economy declined by<br />
2.9% in 2020, following a decline of 11%<br />
in Q2. This was offset by a rebound of<br />
13.9% in Q3, although Q4 saw another<br />
decline.<br />
$22<br />
2015 2016 2017 2018 2019 2020Q4<br />
PURCHASING MANAGER’S INDEX<br />
Australia<br />
$21<br />
New Zealand<br />
$22 $23 $25<br />
$24<br />
70.0%<br />
65.0%<br />
*Data Source : Trading Economics<br />
60.0%<br />
55.0%<br />
50.0%<br />
45.0%<br />
40.0%<br />
35.0%<br />
Expansion Contraction<br />
A reading above 50 indicates an expansion of the<br />
manufacturing sector compared to the previous<br />
month; below 50 represents a contraction; while 50<br />
indicates no change.<br />
30.0%<br />
25.0%<br />
20.0%<br />
Jun19<br />
Jul19<br />
Aug19<br />
Sep19<br />
Oct19<br />
Nov19<br />
Dec19<br />
Jan20<br />
Feb20<br />
Mar20<br />
Apr20<br />
May20<br />
Jun20<br />
Jul20<br />
Aug20<br />
Sep20<br />
Oct20<br />
Nov20<br />
Dec20<br />
Jan21<br />
Feb21<br />
Mar21<br />
FLEET SIZE GROWTH<br />
Business Jet<br />
Turbine Helicopter<br />
Australia New Zealand Papua New Guinea<br />
Turboprop<br />
181<br />
211<br />
186 185<br />
199<br />
808<br />
832<br />
853<br />
844<br />
865<br />
410<br />
428<br />
433<br />
432<br />
431<br />
15<br />
16<br />
19<br />
19<br />
22<br />
462<br />
478<br />
511<br />
534<br />
541<br />
49<br />
51<br />
54<br />
56<br />
58<br />
4<br />
4<br />
4<br />
3<br />
3<br />
107<br />
104<br />
116<br />
103<br />
91<br />
23<br />
22<br />
23<br />
28<br />
29<br />
2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020<br />
Data Source : The business jet and helicopter fleet: <strong>Asian</strong> <strong>Sky</strong> Group’s Business Jet Fleet Report & Helicopter Fleet Report, Turboprop data provided by AMSTAT.<br />
The current fleet data is preliminary, all fleet size data will be finalized in upcoming Helicopter / Business Jet Fleet Report.<br />
FIRST QUARTER 2021 — ASIAN SKY QUARTERLY | 5
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