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Today’s release of data for short term International Arrivals and Departures shows a continuation of the trend of Arrivals growing much faster than Departures; a sharp reversal of the situation from 3 years ago when the A$ was well above parity with the Greenback. For July we saw Arrivals growing …read more
After the surprisingly strong first quarter GDP data (see here), today sees the release of some disappointing data for the second quarter. Real GDP was up by just 0.2% for the quarter and 2.0% annually (against expectations of +0.4% and +2.2%). As we noted yesterday upon the release of the …read more
The release today by Tourism Research Australia of their International Visitor Survey for the year to June 2015 confirms what has been clear to many in the region for a while; international tourism is looking really good. Across the nation as a whole we see a 6.6% increase in international …read more
The Building Approvals data for July has come in slightly better than expected; at the same time we have seen positive revisions to last month’s weak data. In July total approvals nationwide rose by 4.2% seasonally adjusted (expected +2.9%) with the 8.2% decline in June being revised to a 5.2% …read more
Today’s release of the CAPEX data for the second quarter shows private capital expenditure still falling (down 4.0% from the previous quarter and down 10.5% from this time last year) but at a marginally slower rate than in Q1. The main point of interest in the data however is the …read more
The ABS this morning released the regional labour force data. As always when considering this unadjusted series, we need to look at the underlying Conus Trend if we are to make any sense of the numbers. What we see here is a Conus Trend Unemployment Rate in Cairns that has …read more
We have just returned from a few days away and have only now seen the Arrivals and Departures data for June which the ABS released on Friday. It shows short-term arrivals up 7.7% from a year ago, with the annual total up 6.6% (seasonally adjusted). The Chinese market continues to …read more
The regional residential building approvals data for the Far North in June were a bit of a mixed bag. Data released by the ABS this morning shows a total of 59 approvals in Cairns (incl Douglas) after 68 in May; 121 in Townsville after 93 in May; and 13 in …read more
The labour force data for July released by the ABS this morning shows the headline (seasonally adjusted) unemployment rate jump to 6.3% (from an upwardly revised 6.1% in June) despite the creation of 38,500 new jobs. The markets had been expecting only about 10,000 new jobs but the unemployment rate …read more
At the meeting announcing Suncorp’s $1.1bn profit for the year outgoing CEO Patrick Snowball hit out against proposals for some kind of government backed insurance scheme to address sky high premiums in FNQ. He claims that the insurance market in Far North Queensland is “functioning and competitive” and that action …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series