Economic analysts say that 80% of their job is keeping an eye on Western Australia’s second hand jet ski market, even going so far as to call it the “canary in the coal mine” of Australian recession.
While unpublished, the ABS keeps tabs on the sales too. Ranking the statistics by both number of jetskis and how much gear the seller must’ve smoked before deciding on a price.
A key analyst told The Times that while an influx of jetskis on Marketplace would mean times were getting tougher in WA and that obviously has a flow-on effect being the economic powerhouse of the nation. Adding,
“It’s a really important field of data and has helped us predict with great accuracy the Nation’s economic pain in the past. Think of WA as the healthy gut biome of the nation, if that gets crook then everything else just starts falling apart”
As it stands, the number and prices sought on jetskis is relatively stable so analysts are not currently worried. However, things can change in an instance. Our source added,
“Two words, mining downturn. It can happen overnight if China suddenly loses its appetite. The first thing we’ll see is job cuts and thats when the jetskis pop up on Marketplace. It’s essentially an exact science.
No doubt about that.
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