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The GDP data for the first quarter has shown a sharp pick-up from last quarter and was somewhat higher than market expectations. On a seasonally adjusted basis GDP rose 1.0% for the quarter, or 3.1% from the same time a year ago. This brings the cumulative increase for the year …read more
The release by the ABS of the April regional building approvals data is best seen through the lens of the Conus Trend. In April we saw the ABS Trend for residential approvals in Queensland up by 5.6% for the year (see here for details). When we consider the Conus Trend …read more
Today saw the release by the Dept of Social Services of the April jobseeker data and allows us to update and release our own Conus/CBC Staff Selection Jobseeker Trend series. The original, unadjusted data for Cairns (made up of 5 relevant SA3 areas) shows the number of jobseekers decreased slightly …read more
Yesterday’s release of April building approvals numbers were disappointing for the market with a 5% decline for the month, translating into a 1.9 rise over the course of the year (seasonally adjusted). However, with highly volatile units approvals impacting these numbers, we prefer the Trend series which showed a 0.1% …read more
The regional employment data for April from the ABS needs to be seen through the lens of the Conus/CBC Staff Selection Employment Trend to make much sense of. What this shows us is the picture in Cairns continues to deteriorate with Trend employment having fallen for 9 consecutive months. Trend …read more
The Labour Force data for April shows seasonally adjusted employment increased by 22,600, which was somewhat better than market expectations. However, revisions to previous months saw the smallish gain in March revised to a small drop. As a result the overall picture was broadly in line with the market. Trend …read more
After the impacts of TC Larry in 2006 and then TC Yasi in 2011 the Cassowary Coast has struggled to get its mojo back. Population growth was almost static, tourism took some years to recover and business confidence took a hit. However, more recently that appears to be shifting…at least …read more
The release today of the short term arrivals and departures data from the ABS for March shows international arrivals to Australia moving ahead at a healthy lick…up 9.0% from a year ago and up 6.9% for the past 12 months totalled. Residents leaving for short term breaks are also up …read more
The regional building approvals data for March from the ABS this morning and best seen through the lens of the Conus Trend series. When we look at the split across the State (which saw Trend growth of 7.5% y/y) it becomes clear that this is being driven almost exclusively by …read more
Data for residential building approvals in March show the total (seasonally adjusted) across Australia was up 2.6% m/m and 14.5% up for the year. This is a traditionally volatile series (because of the impact that lumpy apartment approvals can have) so we much prefer the Trend series. Here we see …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series