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Today saw the release of the Regional Building Approvals data from the ABS. This data is released as an unadjusted series so we need to consider the Conus Trend to make any kind of sense. When we look at the Local Government Area (LGA) data we see Cairns Regional Council …read more
Data this morning from the ABS shows short term arrivals in March hit a new record monthly high of 666,000 (seasonally adjusted). This translates to 8.1% higher than at the same time last year. The total arrivals for the past 12 months (7.6 million, and a new record high) is also …read more
After the release last week of the low CPI numbers, and the RBA’s subsequent decision to cut rates by 25 bps yesterday (see below), it comes as no surprise to see the quarterly Cost of Living Indexes confirming the lack of any inflationary pressure. The COL Indexes are designed to …read more
Yesterday I attended the Cairns Chamber of Commerce lunch to listen to Ian Maltman, CFO of Cairns Airport, talking about future plans. As the Cairns Post reported today, there was plenty of optimism about the potential of a number of new routes, both international and domestic, coming online in the …read more
Today’s release of first quarter CPI has shocked the market with a reading much weaker than had been expected. Headline CPI fell by 0.2% q/q (against expectations of a 0.2-0.3% rise) for an annual rate of just 1.3% (expected around 1.7%). The more closely watched Trimmed Mean (+0.2% q/q, +1.7% …read more
Today’s release of ABS Regional Labour Market data is a very clear tale of two very different cities in the north of the State. Once we have adjusted the raw ABS data, and therefore created the Conus Trend series, we see that Trend Employment in Cairns rose by 400 in …read more
The Labour Market data for March released by the ABS this morning showed an unexpectedly strong employment number with a total of 26,100 extra new jobs (although all of them, and more, were part-time with full-time jobs actually declining 8,800). With the Participation Rate stable (64.9) the only cloud on …read more
In all the excitement (?) of the Local Government elections last month we missed the release of the Dec quarter SALM data from the Dept of Employment. The SALM data is based on a range of indicators including ABS Labour Force data for the SA4 areas, youth and Newstart allowance …read more
Today saw the release of the regional building approvals data for Feb from the ABS. As always, this unadjusted original data can be highly volatile so we should consider instead the Conus Trends. Here we see the Trend for residential approvals in the Cassowary Coast Regional Council area static at …read more
The Short Term Arrivals and Departures data for Feb released this morning seems to reflect the impact of the Chinese New Year falling in early Feb. Clearly many Chinese arrivals were in the country before the actual date and showed up in the strong Jan numbers. February sees a reversal …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series