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Tourism Research Australia’s National Visitor Survey results for the year to June 2016 (available here) confirm the wonderful run of data we’ve been seeing in the Far North. Combined with the solid International Visitor Survey data released a fortnight ago (see here) today’s data confirms a fabulous financial year for the tourism …read more
The good news for the tourism industry continues. The ABS Short Term Arrivals and Departures data for July shows arrivals up 14% y/y (the best result since May ’14) and up 10.3% annually (the sum of the past 12 months) which is the best result for more than eleven years. …read more
After yesterday’s post regarding the national GDP (see here) I’ve had a few questions relating to my headline 2.9% annual growth figure and the widely quoted 3.3% y/y number; confusion reigns! Lets take a look at some detail of the GDP seasonally adjusted data and consider the different ways we …read more
Today saw the release of the GDP data for the second quarter. Markets had been expecting a figure around +0.4-+0.6% and the result came in at +0.5% q/q for an annual increase over the financial year 2015-16 of +2.9% and +3.3% y/y. Being broadly in line with expectations the Forex …read more
The Treasurer’s last Budget forecast economic growth for the state in the 2015-16 year of 3.5%. Given the first quarter 2016 Gross State Product data we’ve just had from the Treasury (see here) on our calculations we will be needing to see Gross State Product increase by 2.6% in the second …read more
The ABS have released their original Building Approvals data for July for the regions. The data is provided at both an SA4 (as well as SA3 and SA2) level and Local Government Area. We create the Conus Trend series for all the SA4 regions in Queensland and also for our …read more
Although the ABS only produce Gross State Product (GSP) data for the states on an annual basis, the Queensland Treasury produces their own measure (on both a seasonally adjusted and trend basis) on a quarterly schedule. Treasury have now released their estimates for the first quarter (to March 2016). Commentary …read more
Today’s International Visitor Survey from Tourism Research Australia for the June 2016 quarter (available here) provides some good news for Queensland, and particularly the Tropical North. International visitors to Australia were up 10.3% for the year to almost 7.25 million. expenditure lifted 14.6% with the average expenditure per visitor up by …read more
The July Building Approvals figures are stronger on the back of renewed unit approvals growth. The seasonally adjusted data for Australia shows total approvals rose +11.3% m/m and are up +3.1% y/y. The breakdown shows house approvals fell -0.6% m/m and were down -3.1% y/y while units were up +23.4% …read more
Today saw the ABS releases their original July labour force data for the regions. Our own Conus Trend analysis allows us to make some sense of this highly volatile data-set. The headline Conus Trend unemployment rates in both Cairns and Townsville SA4 areas sees some improvement over the month, although …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series