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The Mid-Year Fiscal and Economic Review released this afternoon (download here) will have made happy reading for QLD Treasurer Curtis Pitt. Surging coal royalties have resulted in a better than expected surplus and allowed the government to “splash some cash” ahead of a probable election next year. Although the fiscal …read more
Pete was on radio 4CA with John MacKenzie this morning talking about today’s announcement from Curtis Pitt about $20 million over 2 years for grants targeted at Queensland manufacturers. You can listen to the interview below.
The climb in the numbers of visitors coming to, and leaving, Australia continues in the latest data for Oct from the ABS. Short term arrivals hit a new record of 713,300 (seasonally adjusted) for the month; an increase of 12.7% from the same time a year ago and a total …read more
The release by the Dept of Employment of their Small Area Labour Market (SALM) data for the third quarter to Sept 2016 confirms the weaker story that we’ve been seeing in Townsville. The SALM data is based on a range of indicators including ABS Labour Force data for the SA4 areas, …read more
There is a certain narrative doing the rounds that although the Queensland economy is recovering it is doing so largely on the basis of booming resources exports and government spending; that the private domestic sector is struggling to add to growth. There is unquestionably a valid point being made about …read more
Following yesterday’s flurry of data (GDP, regional building approvals and international tourism), this quarter’s CONUS Quarterly is now available for download below with analysis of the GDP numbers at a national and state level as well as our regular FNQ Economic Roundup. If you would like to receive the Quarterly …read more
Today saw the release of the GDP data for the third quarter. After some weak data from net exports the markets had been expecting a figure around a 0.1/0.2% decline. The result came in worse than expected at -0.5% q/q for an annual increase over the year of +2.5% or a …read more
ABS released their monthly unadjusted regional building approvals data for October this morning and we have updated our own Conus Trend series. Given the declines at a state level it is little surprise to see Trend approvals in our region also falling. At the SA4 level we see Cairns Trend …read more
Tourism continues to be a bright star in the economic firmament of Queensland, and TNQ in particular. International visitors to the state were up 13.1% for the year to Sept 2016; better than the national average of 11.5%. Even better, the growth into the Tropical North Queensland region was higher …read more
Our own Conus Trend series for Cairns SA4, based on the original ABS regional data, showed a reduction in Trend unemployment in October to 7.3%. The Dept of Social Security payment recipients data released on Weds appears somewhat less positive. Although recipient numbers fell the Conus Trend series showed a …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series