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The Dept of Social Services original data on the Youth Allowance and Newstart Recipients for September allows us to update our own Conus/CBC Staff Selection Jobseeker Trend series for Cairns and Townsville SA4s. Trend jobseekers have again fallen in both areas; although Cairns continues to do rather better than Townsville. …read more
We have finally got the much-delayed International Visitor Survey results for the June 2018 quarter from Tourism Research Australia (see here). We should note that TRA acknowledge continued issues with regard to this data and we may see revisions to this data in months to come. Nevertheless, today’s release appears …read more
Largely as the markets had been expecting, CPI for the third quarter showed a slowdown from the heady (?) 2.1% pace of the second quarter and settled back to sub-2%. The quarter on quarter CPI change was +0.4% for a yr/yr rate of 1.9%. However, for those looking more closely, …read more
Sept Building Approvals data showed a 3.3% gain on the month across the country, which still leaves things 14.1% lower for the year (seasonally adjusted). The less lumpy Trend series showed a 1.9% drop for the month and a fall of 12.9% for the year House approvals are down 6.7% …read more
The ABS release of their original regional labour force September data allows us to update our own Conus/CBC Staff Selection Regional Employment Trends for Queensland; and they show us a positive picture for Cairns. The national and state-wide data released last week (see commentary here) saw the headline unemployment rates …read more
Today’s labour force data for Sept has surprised the markets with just a 5,600 increase in employment (seasonally adjusted) but a drop to an unemployment rate of 5.0%, which is the lowest since April 2012. Expectations had centred around an increase in employment of around 15,000 with the unemployment rate …read more
The release by the ABS of August short term arrivals and departures data shows total (seasonally adjusted) international short term arrivals into Australia was up 5.6% from a year ago while the annual total is up 5.2%. The growth from the Chinese market has continued to slow sharply (although it’s …read more
The release by the ABS of the original regional building approvals data for August allows us to update our Conus Trend series for regional Queensland. In a month in which Queensland Trend approvals were unchanged (see here for last week’s commentary) we see a slightly different picture emerging between Greater …read more
The residential building approvals data for August has, once again, disappointed a market that had been looking for a small increase on the month. Seasonally adjusted data showed a 9.4% m/m decline with approvals now down 13.6% for the year. However, in such a volatile data series that is so …read more
Last quarter we talked about “stellar” results from the March 2018 National Visitor Survey in the Far North (see here). Well if last quarter was stellar then this quarter is on a whole new scale…”constellational”? The June 2018 National Visitor Survey from Tourism Research Australia (data available here) shows the …read more
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