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We’ve all known it was coming, but that doesn’t make the short term arrivals data for Feb from the ABS today any less shocking.
Short term arrivals into Australia fell 18.7% y/y in Feb; a month in which the full COVID-19 impact was yet to be felt. China obviously felt the impact of the travel ban earlier and so it’s no surprise to see Feb Chinese arrivals down 83.3%! The COVID-19 impacted data is so unusual that the ABS have taken the step of stopping production of their Trend series until such time as “patterns in the underlying behaviour of passenger travel movements stabilise”.
The State of Intended Stay day (seen through the lens of the Conus Trend) shows NSW suffering the most while declines in QLD were a little less dramatic.
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series