Today sees the release of the (unadjusted) regional building approvals data which shows the Cassowary Coast as the stand-out performer for the month of August. The ABS unadjusted original data is so wildly volatile that we really need to focus our attention on the Conus Trend series, and in doing …read more
Today saw the release by the ABS of the short term Arrivals and Departures data for August. With the A$ having fallen to its lowest levels since early 2009 against both the US$ and our Trade Weighted Index it’s not surprising to see the number of international arrivals continuing to …read more
Following up on my previous post, when we consider the breakdown of population changes in QLD we can see where the real slow-down is happening. For the year to March 2015 Natural Increase accounted for 34,083 people, which was the smallest increase from this component since Sept 2007 (when the QLD …read more
The ABS estimates for population in the first quarter of 2015 show the total Australian population up 1.4% from a year ago at 23.714 million (this rate of growth is unchanged from the previous quarter). Population in Queensland grew at just 1.3% (down from 1.4% last quarter) to 4.767 million; …read more
After yesterday’s ABS regional jobs data (see here) showed some very modest improvement in the unemployment rate in the Cairns SA4 area (on the back of a fall in Participation rather than an improvement in jobs), today we get the Dept of Employment’s quarterly Small Area Labour Market (SALM) data …read more
The regional labour market data from the ABS released today shows the unadjusted, original unemployment rate in Cairns stood at 7.2% (down from 8.7%) in August. However, as always the raw unadjusted ABS data is far too volatile to take seriously on a month-by-month basis. Rather we should focus our …read more
Yesterday saw the release of Tourism Research Australia’s National Visitor Survey for the June quarter; and the numbers make good reading for those of us in the Far North. Total overnight domestic trips in Australia were up 5.2% to 83.2m while QLD saw growth of 5.6% to 19.1m. However, in …read more
The labour force data for August (released this morning) showed an increase of 17,400 jobs seasonally adjusted, against expectations of about 6,000. In addition, the strong growth last month was revised higher by an additional 1,300. Full-time jobs led the way, up 11,500. With the Participation Rate falling slightly (to …read more
An article in today’s Cairns Post talking about how a lower A$ was helping to boost Australian tourism (both international and domestic) spurred me to take a quick look at how tourism in the Tropical North was tracking against the goals outlined in TTNQ’s 2011-2015 Strategic Plan. The Plan targets …read more
After last week’s release of slightly better than expected building approvals data at the state and national levels (see here) today saw the release of the regional data. As always the ABS regional data is presented in its original form without any seasonal adjustment so we need to consider the Conus …read more